PANews reported on July 14 that Matrixport data shows Bitcoin has risen 7 times in July over the past 10 years, with an average increase of 9.1%. Previous analysis suggested that Bitcoin might rise to $117,244 due to seasonal factors. Despite the market's cautious attitude towards summer trends, historical data indicates early signs of a breakthrough that could drive prices to new all-time highs.
The current upward trend of Bitcoin is influenced by multiple macro factors, including strong US stock performance boosting market confidence, Trump's continued pressure on the Federal Reserve, and the approval of a bill to raise the fiscal deficit ceiling, which has increased market expectations of liquidity release. Based on current market performance, the trend is gradually confirming previous predictions.




