Bitcoin could climb to $116,000 by the end of July as three macroeconomic factors turn favorable for the asset, according to a crypto analyst. Strong inflows into spot Bitcoin ETFs, US Federal Reserve uncertainty, and the rapid decline of Bitcoin supply on crypto exchanges are the catalysts.
Bitcoin analysts predict a bullish July as the market absorbs selling pressure. Historical data and correlation with the S&P 500 support this view, with a potential push towards new highs.
Bitcoin traders anticipate one of its best-performing months, as historical data favors solid risk-asset returns over July [7]. The latest BTC price forecasts see BTC/USD copying US stock markets to enjoy fresh gains over the coming month [7].
