Matrixport: BTC has performed strongly in July over the years, predicting it may reach $116,000

ChainCatcher news, according to independent analyst Markus Thielen's latest research, BTC has historically performed well in July, with seven out of the past ten years showing an increase, averaging a rise of 9.1%. Even in down years, the declines were only single digits, while in the five up years, there were multiple instances of strong double-digit rebounds.

Data shows that July performances in 2017 and 2019 were particularly outstanding, with increases of 21.5% and 23.9%, respectively. In 2021 and 2022, there were also increases of around 18%, while preliminary data for 2024 shows an increase of 3.1%. As July 2025 approaches, bullish sentiment in the market is gradually rising.

Analysts believe that if historical trends repeat, the Bitcoin market may welcome a new round of increases and could challenge the $116,000 mark in the coming weeks.