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Bitcoin was distinguished to make another green profit to get S&P 500


Main points:

  • Bitcoin has been distinguished for the S&P 500 earnings per month that has been green over the past decade.

  • The maximum loss of July of BTC/USD is currently less than 10 %.

  • Merchants suggest that the weak procedure in the price at the beginning of the month is not worried.

Bitcoin (BTCTraders expect one of the most famous, even with the start of July in red.

The latest BTC price is the BTC/USD copying American stock markets to enjoy new gains during the next month.

Bitcoin traders see BTC prices tracking shares

Bitcoin should end in July with a firm state, as historical data prefers the return of solid assets for risks over the next thirty days.

The merchant MIKYBULL CRYPTO also indicated, as the seventh month of the year has proven successful in American stocks, where he watched the S&P 500 10 months in a row.

July was more profitable than May and June, both of which ended only “red” for S&P 500 times or twice since 2015.

For BTC/USD, the image is more mixed. Data from a monitoring resource Coinglass May and Juny have witnessed wide differences in prices, while July was better, with the maximum losses of less than 10 %.

“Bitcoin on the edge of the exit and is likely to match the S&P with the new ATHS in July,” He said X followers during the weekend.

BTC/USD revenue (screen shot). Source: Coinglass

Double top and dual bottom for bitcoin

Despite optimism, BTC/USD started in July in a pale manner, as it decreased to the lowest levels less than a month to another less than 106,500 dollars at the time of this report.

Related to: Q2 record, the next monthly closure? 5 things to know in Bitcoin this week

Coinglass confirmed a set of bidding support in place starting at $ 10,200, with Short pants above 108,000 dollars It is still without touching.

BTC/USDT Map of thermometer. Source: Coinglass

Commenting on the current preparation, Trader Daan Crypto Trades was among those who were not affected by the absence of new attacks at the highest level ever.

“He still deals in this current and channel,” is books On x.

“With a new month and a quarter, we often see a volatile start and after that PRICE chooses the direction later. Give him some time to play and see assurances.”

BTC/USDT 4 hours graph. Source: Daan Crypto Trades/X

Trader and Cherator Trader Tardigrade have seen more support to re -test before the decision higher.

“Bitcoin has formed a dual top and dual bottom pattern within a unification range from 101 thousand dollars to $ 109,000,” he male Besides 3 -day graph, BTC/USD.

“The support/internal resistance can be tested again before breaking the range of $ 109,000.”

BTC/USD chart for 3 days. Source: Trader Tardigrade/x.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.