? Data shows potential growth for BTC in July

Hello TradeSantians,

July has often been a strong month for Bitcoin. So, fingers crossed it keeps the streak this year!

???Half longs/Half shorts

Last week, the top-performing bots consisted equally of short and long strategies. The long BETA:USDT pair achieved the highest profitability, generating a 64% return.

?? More winning strategies on the TradeSanta marketplace.?

*7-day profitability is calculated based on the?profit target?multiplied by the number of deals.?

BTC Goes Up, Technical Indicators Show Sell?

Price Dynamics (7d)?

BTC $62,747 ?? 2.19%

ETH $3,456 ?? 4.03%

BTC Technical Indicators Show Sell?(1d)

Oscillators: Neutral (1 Sell, 9 Neutral, 1 Buy)?

Moving Averages:?Sell (8 Sell, 1 Neutral, 5 Buy) ?

Fibonacci's Pivot for BTC?

Take a look at Fibonacci's Support (S) and Resistance (R) levels for BTC if you wonder where to place your Stop Loss and Take Profit. ?

?? Who let the Doge out?

Not a day goes by without hearing about a memecoin, sometimes inspired by celebrities, memes, or even US presidents. This could be all just fun, but some of them reach billions in capitalization. ??

What is their real value, why are they so popular, and what is their future? We decided to explore the phenomenon of memecoins in our latest article.?

Crypto Week: Predictions & Highlights

Bitcoin kicked off July strong, surging from around $60,000 to a high of $63,500 on Monday. The rally followed a recovery in spot Bitcoin ETF inflows, which reached $73 million in net inflows on Friday, the highest daily inflow in two weeks. Meanwhile, Ethereum recovered to $3,500 but has since retreated slightly.

Join us as we explore what market participants are saying about Bitcoin's future performance in light of this bullish start to July!

Next crypto targets

A well-known investor, @Washigorira, tweeted that a Bitcoin rally is about to start. In the chart he posted, he points to a potential BTC price above $119,000.

Crypto investor @Jelle sees a bullish sign for Bitcoin — a "weekly hidden bullish divergence" near support. The last?time this happened, Bitcoin's price jumped from $25,000 to $70,000. But confirmation needs a weekly close above the current price.?

Сrypto trader @mistercrypto is also optimistic about July. He noted that whenever Bitcoin ends June in the red, it has consistently seen a strong double-digit rally in July.

QCP Capital analysts predict strong growth for BTC's price this month, based on Bitcoin's past seasonal performance, with a median return of 9.6% in July.

Insights into key events in the industry

?? 21Shares and VanEck have both submitted a Form S-1 to the SEC for a Solana-based ETF.?

?? The SEC filed a lawsuit against Consensys, the parent company of MetaMask. According to a complaint on June 28, the company has been operating as an unregistered broker and engaging in the unregistered offer and sale of securities through MetaMask Swaps since 2020.

???In the coming weeks, FTX customers will be asked to vote on the exchange’s plan for compensating victims whose assets have been locked on the platform since it collapsed.

?? Circle became the first global stablecoin issuer to secure a license, a prerequisite to offering dollar- and euro-pegged crypto tokens in the EU under the MiCA regulatory framework.

?? The United States government sent 3,940 BTC to a Coinbase Prime wallet on June 26, on-chain data from Arkham Intelligence revealed.?

?? Bolivia has lifted its ban on Bitcoin and other cryptocurrencies, allowing banks to conduct transactions with digital assets.

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