Matrixport, the crypto company of the famous Chinese billionaire Jihan Wu, stated that Bitcoin (BTC) could reach $ 35 thousand in July, and gave a price forecast for the end of the year.
Matrixport is the market of crypto money, especially Bitcoin. its future performance published a detailed report on In the report, Bitcoin July per month up to 35 thousand dollars While it is claimed that it may rise, similar bullish data experienced in previous years were included.
Average of Bitcoin in July over the last 10 years more than 11% In the report, which reveals that the %27, 20% And 24%It was emphasized that there was an increase of . In line with these data, Matritxport believes that Bitcoin bulls “seasonal rise” prepared and the price your 30 thousand dollars without hanging down 35 thousand dollars He said he could test it.
According to the report, Bitcoin positive 7 times in July in the last 10 years performance managed to attract the attention of investors.
Between the lines of the report, the price forecast for Bitcoin after the summer months was also included. Matrixport analysts your 35 thousand dollars With the process that will follow, Bitcoin’s end of the year its closing, 45 thousand dollars He said he could do it in the band.
Talking about forecasts for price movements, Matrixport Research Manager Markus Thielenwarned investors of a possible selling period after the July rise:
While the summer months tend to be a period of consolidation for Bitcoin, a strong July is followed by a mediocre August-September month with an accompanying sell-off.