Analysis: Bitcoin and Ethereum will be bullish in July based on historical seasonal trends

Odaily Odaily News QCP Capital analysts said in a report on Monday: "From a seasonal perspective, Bitcoin has a median return of 9.6% in July and tends to rebound strongly, especially after a 9.85% drop in June. Many signs point to a bullish July." The report added that Bitcoin options were preparing for an upward move as they entered the end-of-June expiration delivery last Friday. Coinbase analysts David Duong and David Han have also noticed the same historical seasonal trend. "Positive seasonal factors and improved liquidity in July may support the market," analysts said in the Coinbase weekly report last Friday. According to Coinbase analysts, positive seasonal factors may be related to July, because historically, Bitcoin and Ethereum seem to have performed better in July than other months, especially after the sell-off in June. (The Block)