Bitcoin Posts Strong Gain in July After Consecutive Declines – Will the Momentum Continue in August? - Tekedia

Bitcoin gained 9.82% in July, recovering part of its May and June losses and ending the month around $64,000 to $65,000.

Analysts pointed to technical strength and potential institutional support as bullish drivers.

But weak August seasonality, especially in U.S. midterm election years, remains a key risk for traders.

Cathie Wood reiterated her pro-Bitcoin, anti-gold view as the market watches whether the rally can extend into August.