Matrixport: Bitcoin has performed strongly in July, predicting that it could reach $116,000

According to new research by independent analyst Markus Thielen, Bitcoin has historically performed well in July, rising seven times in the past decade, with an average gain of 9.1%. Even in down years, the decline was in the single digits, and in five up years, there were multiple strong double-digit rallies.
The data shows that the July performance of 2017 and 2019 was particularly outstanding, with increases of 21.5% and 23.9% respectively. 2021 and 2022 also saw increases of around 18%, while preliminary data for 2024 showed an increase of 3.1%.
As July 2025 approaches, market bullish sentiment is gradually heating up. Analysts believe that if the historical trend repeats itself, the bitcoin market may usher in a new round of gains and may challenge the $116,000 mark in the coming weeks.