Bitcoin Price Recovery in July: What to Expect

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Bitcoin’s past July gains and heavy short bets point to a rally toward $75,000, but a break below key support keeps the risk of $55,000 in play.

Bitcoin (BTC) is heading for its worst monthly loss since mid-2022, with BTC down roughly 18.5% in June as price struggles to hold the psychological $60,000 support level.

Will Bitcoin’s downside momentum extend in July, or is BTC preparing for a recovery?

Bitcoin’s liquidity map shows a major short-liquidation “magnet zone” near $67,600.

BTC has historically gained 7.6% on average in July, while midterm-year seasonality points to an even stronger 10.3% average return.

Bitcoin may hit $75,000 in July

July may become a "bullish month for Bitcoin," according to analyst Fleh, who predicted BTC price to rally toward $75,000 next month.

The bullish thesis is based on Bitcoin’s Binance BTC/USDT liquidation heatmap, which shows a large concentration of short liquidation levels sitting above the current price.

On the monthly chart, the strongest visible liquidity cluster sits near $67,645, where the chart shows around $247.39 million in liquidation leverage and roughly $2.26 billion in cumulative short liquidation leverage.

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