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History suggests Bitcoin poised for rebound in July
The post History suggests Bitcoin poised for rebound in July appeared on BitcoinEthereumNews.com. Bitcoin tends toward strong performance in July, but Mt. Gox is dampening optimism for a recovery. Bitcoin may see a strong rebound in July following a lackluster performance in June, which saw Bitcoin falling almost 7% in the month. The price of Bitcoin (BTC) historically averaged a slump of 0.35% in June, according to data from Coinglass, which tracks the monthly returns of Bitcoin beginning in 2013. The data shows that in previous years, whenever June ended in a downtrend, the following month saw a roaring comeback, with Bitcoin gaining an average of 7.42% historically. Read more Source: https://cointelegraph.com/news/bitcoin-price-rebound-july-historical-data-suggests
The post History suggests Bitcoin poised for rebound in July appeared on BitcoinEthereumNews.com.
Bitcoin tends toward strong performance in July, but Mt. Gox is dampening optimism for a recovery. Bitcoin may see a strong rebound in July following a lackluster performance in June, which saw Bitcoin falling almost 7% in the month. The price of Bitcoin (BTC) historically averaged a slump of 0.35% in June, according to data from Coinglass, which tracks the monthly returns of Bitcoin beginning in 2013. The data shows that in previous years, whenever June ended in a downtrend, the following month saw a roaring comeback, with Bitcoin gaining an average of 7.42% historically. Read more Source: https://cointelegraph.com/news/bitcoin-price-rebound-july-historical-data-suggests
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