Factors That Could Derail Bitcoin's July Rally

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BTC price is likely to face headwinds in July from Mt. Gox repayments that could result in a "bull pennant" breakdown on the charts.

Bitcoin BTC tickers down $62,863 teeters on the edge of closing June with a monthly loss and clinging to the critical $60,000 support level.

Unfortunately for the bulls, the BTC/USD pair might be headed for rougher waters with a series of bearish indicators pointing towards increased selling pressure in July.


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