Matrixport predicts: Bitcoin is expected to break through $117,000 to set a new historical high

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[BitPush] Matrixport released a daily analysis stating that on July 1, it predicted Bitcoin could rise to $117,244, supported by strong seasonal trends in July. Although many initially expected this summer to be relatively calm, the data shows that Bitcoin is likely to break its historical high.

Historically, Bitcoin has averaged a rise of 9.1% in July, with positive returns recorded in 7 out of the past 10 Julys. This time, there are several strong catalysts driving the market: 1. The US stock market has reached an all-time high; 2. Trump has increased pressure on the Federal Reserve; 3. The Inflation Reduction Act has been passed, raising the debt ceiling.

All of this has created an extremely bullish macro environment for Bitcoin. As for whether this wave of rise has more room to grow, it will be further discussed later - but so far, the trend is completely consistent with previous predictions.

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LiquiditySurfervip
· 07-14 10:06
Over 110,000 is the myth of trapping the white wolf with empty hands.
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GasFeeCryvip
· 07-14 10:00
Fart, the bull run is still far off.
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rugpull_survivorvip
· 07-14 09:56
It's that time of year again.
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BanklessAtHeartvip
· 07-14 09:37
Here comes the satellite launch again.
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