Bitcoin Set to Mirror S&P 500, Eyes New ATH in July

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Bitcoin has never lost more than 10% by the July monthly candle close, while stocks have enjoyed straight gains since 2015; will history repeat?

Bitcoin is tipped to gain as the S&P 500 starts a month that has been green for the past decade.

Maximum July losses for BTC/USD are currently under 10%.

Weak price action at the start of the month is nothing to worry about, traders suggest.

Bitcoin traders expect one of its best-performing months, even as July starts in the red.

The latest BTC price forecasts see BTC/USD copying US stock markets to enjoy fresh gains over the coming month.

Bitcoin traders see BTC price tracking stocks
Bitcoin should end July firmly bullish as historical data favors solid risk-asset returns over the coming 30 days.

As noted by trader Mikybull Crypto, the seventh month of the year has proved to be a success for US stocks, with the S&P 500 seeing 10 straight “green” July months in a row.

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