Saylor's statement comes amid expectations of bullish rebound in July
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Saylor's statement serves as a rallying cry for greater adoption and recognition of Bitcoin's role in reshaping global financial systems.According to Ali a crypto analyst, historically, when Bitcoin has had a negative June, it tends to bounce back strongly in July. BTC has shown an average return of 7.98% and a median return of 9.60% in July.U.S.
Going by its price action, one of the most important resistance levels for Bitcoin is $65,795. If Bitcoin can break through this level, the next major target is $78,700. Currently, Ali stated that Bitcoin appears trapped in a parallel channel with a lower barrier at $62,500; if this holds, BTC might bounce to $63,200 or $63,800.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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