The price of **Bitcoin (BTC)** has been volatile in June, with several attempts at recovery failing. However, historical trends suggest that **BTC** may see a rebound in July. According to **Cryptorank**, June will mark the second month this year with a negative closing price for **Bitcoin**. While January closed slightly down, February and March saw significant gains, with **BTC** reaching its **All-Time High (ATH)** of $73,750.07 in March following the launch of the spot Bitcoin ETF. The bullish streak ended in April, but **Bitcoin** rebounded in May. Despite the recent drop in June, historical data shows that **BTC** often bounces back strongly in July, with an average return of 7.98% and a median return of 9.60% during this month.  **Market experts** remain optimistic about **Bitcoin's** future trajectory, citing **spot BTC ETFs** as a key growth catalyst. While these ETFs have seen some outflows this month, they are expected to attract **intensive inflow** in the coming months, potentially driving **Bitcoin** back to its **previous ATH**. **Bitcoin's** historical performance in July and the potential for **spot BTC ETFs** to boost demand provide reason for optimism among **market experts**. 

The price of Bitcoin (BTC) rejected many attempts at recovery this month in alignment with its historical trends. The price of Bitcoin at the time of writing has showcased two distinct price performances today. From a low of $60,630.05 in the past 24 hours, the coin has rallied to $61,605.23, making a growth rate of <a class="mh-excerpt-more" href="https://coingape.com/bitcoin-btc-will-the-history-repeat-for-itself-in-july/" title="Bitcoin (BTC): Will The History Repeat Itself In July?"></a>
The post <a href="https://coingape.com/bitcoin-btc-will-the-history-repeat-for-itself-in-july/">Bitcoin (BTC): Will The History Repeat Itself In July?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

<img fetchpriority="high" decoding="async" width="1200" height="675" src="https://coingape.com/wp-content/uploads/2024/06/42301-1-1.jpg" class="attachment-full size-full wp-post-image" alt="Bitcoin (BTC) June Bloodbath, Here&#039;s What History Says About July" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/06/42301-1-1.jpg 1200w, https://coingape.com/wp-content/uploads/2024/06/42301-1-1-300x169.jpg 300w, https://coingape.com/wp-content/uploads/2024/06/42301-1-1-768x432.jpg 768w, https://coingape.com/wp-content/uploads/2024/06/42301-1-1-678x381.jpg 678w, https://coingape.com/wp-content/uploads/2024/06/42301-1-1-150x84.jpg 150w" sizes="(max-width: 1200px) 100vw, 1200px" />The price of Bitcoin (BTC) rejected many attempts at recovery this month in alignment with its historical trends. The price of Bitcoin at the time of writing has showcased two distinct price performances today. From a low of $60,630.05 in the past 24 hours, the coin has rallied to $61,605.23, making a growth rate of 1.23% in 24 hours.
<h2>Will Bitcoin History Repeat Itself In July</h2>
The price history of Bitcoin is one of the most intriguing per the trends observed. According to insights from Cryptorank, June will mark the second month thus far this month that the price of Bitcoin will close negative.
While January closed 0.87%, February and March ended with 44% and 16.3% respectively. It is worth noting that with the spot Bitcoin ETF launch, <a href="https://coingape.com/price/bitcoin/" target="_blank" rel="noopener">BTC price</a> peaked at its All-Time High (ATH) of $73,750.07 in March. The bullish streak switched to a bearish one in April when it closed down by 14.7%.
<blockquote class="twitter-tweet">
Historically, when <a rel='nofollow' href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> has had a negative June, it tends to bounce back strongly in July. In fact, <a rel='nofollow' href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> has shown an average return of 7.98% and a median return of 9.60% during this month. <a rel='nofollow' href="https://t.co/fJaIwc7Eob">pic.twitter.com/fJaIwc7Eob</a>
— Ali (@ali_charts) <a rel='nofollow' href="https://twitter.com/ali_charts/status/1807326177910043012?ref_src=twsrc%5Etfw">June 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
However, the month of May saw the coin jump 11.1%, a trend that is now set to change with 8.79% drop thus far this month. Since 202o, the price of Bitcoin has recorded more historical plunges. The month has not been particularly a bullish one for Bitcoin with 4 out of the past 5 years ending in the red.
Despite the erratic posturing of Bitcoin that saw the price trade from a low of $58,554.25 and a high of $71,907.85, market experts remain enthusiastic for its future trajectory. Unlike last June that ended 11.9% high, the last July saw BTC slump by 4.04%. The coin might choose to reverse the trend and end at higher level than where it started from.
While BTC has no major regulatory headwind to watch out for, months like October with historical bullish trend spells good omen for the coin.
<h2>BTC Growth Catalyst To Watch Out For</h2>
Only very few fundamentals are fueling the resilience and growth in the price of Bitcoin. At the moment, <a href="https://coingape.com/blackrock-bitcoin-etf-ibit-sees-zero-inflows-for-fifth-day-but-heres-the-twist//" target="_blank" rel="noopener">spot BTC ETFs</a> remains the biggest reasons why the coin has not fallen toward the $50,000 support zone.
Notably, spot ETF have seen a reasonable hit thus far this month in relation to their outflows. However, the ETF products have immense hope for recovery. This is because many corporate entities are looking to make their way into the crypto scene.
If achieved, the <a href="https://coingape.com/bitcoin-etf-records-4-day-streak-blackrock-boosts-82m-influx//" target="_blank" rel="noopener">intensive inflow</a> into the product in the coming months might help return Bitcoin price to its previous ATH.
Read More: <a href="https://coingape.com/markets/toncoin-price-analysis-can-ton-700-million-tvl-high//" target="_blank" rel="noopener">Toncoin Price Analysis: Can TON Leverage $700 Million TVL To Hit New High?</a>
The post <a href="https://coingape.com/bitcoin-btc-will-the-history-repeat-for-itself-in-july/">Bitcoin (BTC): Will The History Repeat Itself In July?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Bitcoin (BTC) Price History: Will July See a Rebound?

## **Crypto Market Rotation: Meme Coins Take Center Stage**

The crypto market is witnessing a classic rotation as **meme coins** steal the spotlight from their **blue-chip counterparts**. Global crypto markets posted gains alongside traditional equities, with overall market sentiment shifting from fear to greed. The **S&P 500** inched higher to a fresh record this week, breaking above the psychologically important **6,000 level** for the first time since February. Meanwhile, the geopolitical picture has improved dramatically, with **Brent crude dropping 6%** to $67.14.

As investors feel calmer in the markets, the cryptocurrency market as a whole grew **2.5% today** to $3.33 trillion, with **98 of the top 100 coins** in the green for the last 24 hours.

## **Bitcoin Consolidates as Institutions Keep Accumulating**

![Bitcoin price data. Image: TradingView](https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/07/BTCUSD_2025-07-02_13-09-12.png@webp)

Bitcoin's modest **3.59% gain** to $109,507 masks the underlying strength in the world's largest cryptocurrency. The price action reflects healthy consolidation after the recent surge, giving the market time to digest gains.

**Technical indicators** paint a cautiously optimistic picture:
- **RSI at 60**: Suggests BTC has momentum but isn't overheated.
- **50-day EMA**: Provides crucial support below current prices.
- **ADX at 12**: Indicates weak trend strength, expected in a bullish trend.

**Key levels**: Immediate support at **$104,000**, strong support at **$96,000**. Immediate resistance at **$112,000**, strong resistance at **$115,000**.

## **Ethereum Battles Technical Headwinds Despite Adoption Wins**

![Ethereum price data. Image: TradingView](https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/07/ETHUSD_2025-07-02_13-09-41.png@webp)

Ethereum's **3.16% rise** to $2,559 shows the smart-contract blockchain king refusing to go down without a fight. The network scored a major adoption win as **Robinhood deployed 213 tokenized stock contracts** on Arbitrum, an Ethereum layer-2 network.

**Technical setup**:
- **RSI at 54**: Neutral, waiting for a catalyst.
- **ADX at 11**: Essentially no trend.
- **Bearish EMA configuration**: 50-day EMA above the 200-day EMA.

**Key levels**: Immediate support at **$2,400**, strong support at **$2,200**. Immediate resistance at **$2,600**, strong resistance at **$2,800**.

## **SPX6900 Rockets Higher on Technical Breakout**

![SPX6900 price data. Image: TradingView](https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/07/SPX6USD_2025-07-02_13-30-58.png@webp)

Underdog meme coin **SPX6900** just won't quit. The token's **explosive 12% surge** to $1.27 represents a textbook oversold bounce, being the **best-performing cryptocurrency** in the entire top 100 coins by market cap.

**Technical picture**:
- **RSI at 52**: Plenty of room to run higher.
- **ADX at 23**: Approaching the critical 25 level.
- **50-day EMA at $1.10**: Acts as a floor.

**Key levels**: Immediate support at **$1.08-$1.17**, strong support at **$0.92**. Immediate resistance at **$1.40-$1.50**, strong resistance at **$1.70**.

Bitcoin and Ethereum prices are showing signs of life, but for traders with high-risk appetites, an underdog meme coin is flashing bullish signs.

Meme Coin SPX6900 Outshines Bitcoin and Ethereum in Stunning Rally: What's Next?

## Addentax Group Corp. Enters Into US$1.3 Billion Term Sheet for Proposed Acquisition of Up to 12,000 Bitcoins

**Addentax Group Corp. (NASDAQ:ATXG)** has taken a significant step towards expanding its cryptocurrency portfolio by signing a non-binding term sheet to acquire up to **12,000 Bitcoins**, valued at approximately **$1.3 billion**. This marks a 50% increase from their initial target of 8,000 BTC announced on May 15, 2025.

The proposed transaction is unique as it plans to settle through the issuance of newly issued shares of ATXG common stock, rather than cash. This strategic move is aimed at preserving the company's cash resources while capitalizing on **Bitcoin's current bullish momentum, global recognition, and liquidity**.

### Key Details of the Deal
- **Value**: Approximately $1.3 billion for up to 12,000 BTC
- **Payment Method**: Newly issued shares of ATXG common stock
- **Conditions**: Subject to negotiation, due diligence, and customary approvals

This acquisition could potentially transform ATXG's balance sheet and business model, positioning the company as a significant player in the Bitcoin investment space. However, the deal's completion hinges on several factors, including final agreement terms and regulatory approvals.

### Potential Impacts
- **Positive**: Strategic positioning in the crypto market, leveraging Bitcoin's growth
- **Negative**: Potential shareholder dilution and high execution risk due to market volatility

ATXG's management has expressed a strong commitment to allocating significant resources towards a long-term Bitcoin investment strategy, signaling a bold move into the digital asset space.

Addentax expands planned Bitcoin holdings by 50%, targeting 12,000 BTC through stock-based deal. See how this $1.3B crypto acquisition could reshape ATXG's future.

Addentax's Bold $1.3 Billion Bitcoin Bet: A Game-Changer for ATXG?

**El Zonte**, a serene beach town in El Salvador, has transformed into a global **Bitcoin hub**, showcasing the profound impact of cryptocurrency on local economies and communities. Known as **Bitcoin Beach**, this small coastal town has become a living laboratory for **decentralized digital currency**.

### The Birth of Bitcoin Beach
In 2019, an anonymous Bitcoin donation sparked a grassroots initiative led by local economist **Mike Peterson** and community leader **Roman Martínez**. The project aimed to create a **circular economy** by paying local youth in Bitcoin for environmental cleanup efforts. This initiative gained momentum during the **COVID-19 pandemic**, offering an alternative to traditional banking for the unbanked.

### Bitcoin as a Lifeline
With El Salvador adopting the **US dollar** as its primary currency in 2001, many rural Salvadorans lacked access to traditional financial services. Bitcoin provided a **digital lifeline**, enabling participation in the global economy without conventional banks. From meals to beachside beers, Bitcoin became part of daily life in El Zonte.

### Global Attention and National Adoption
The project’s success caught the attention of **El Salvador’s government**, which made Bitcoin **legal tender** in 2021. This historic move allowed businesses nationwide to accept Bitcoin for everything from taxes to utility bills, drawing **international media coverage** and crypto enthusiasts to the country.

### Resilience Amid Criticism
Despite **backlash from the IMF** and a 2025 reversal of Bitcoin’s legal tender status, El Zonte’s **Bitcoin economy** thrives. Local businesses, especially those catering to tourists, continue to embrace the cryptocurrency. "Bitcoin is now a part of daily transactions here," shares a waitress at a beachfront restaurant.

### Transforming Lives and Tourism
The initiative has **empowered local youth**, like **Brian Flores**, who went from facing violence to becoming a **Bitcoin educator** and global speaker. Additionally, El Zonte has seen a **surge in tourism**, with visitors eager to experience a **real-world crypto economy**.

### A Symbol of Innovation
From **Bitcoin stickers** on shop windows to **QR codes** in the hands of locals and tourists, El Zonte stands as a **beacon of digital currency innovation**. It’s more than a surfing destination—it’s a testament to the transformative power of **community-driven economic models**.

El Zonte, a beach town in El Salvador, became a Bitcoin hub, transforming local economy and attracting global interest in cryptocurrency use.

How El Zonte’s Bitcoin Beach Revolutionized a Small Town and Captivated the World

**Bitcoin's recent calm has left some investors puzzled**, especially given the **significant inflows into spot Bitcoin ETFs** and the general optimism in the equities market. Despite a **3.3% gain** for the week ending June 26, many expected more from the leading cryptocurrency.

**The Coinshares Valkyrie Bitcoin Fund (BRRR)** saw a **3% increase last week**, underscoring the growing preference among advisors and investors for ETFs as a means to gain Bitcoin exposure. Institutional demand has been particularly strong, with **ETF cumulative inflows (excluding GBTC outflows) rising from 527,000 BTC to over 630,000 BTC in under three months**.

This influx means issuers must buy Bitcoin to back new shares, a scenario that typically drives prices up. Yet, the expected surge hasn't materialized to the satisfaction of Bitcoin bulls. However, this could soon change.

## Bitcoin and BRRR Poised for Growth

While some view the recent gains as satisfactory, others are eager for more. The delay in a significant price increase can be attributed to **profit-taking by long-term Bitcoin holders** and daily mining activities introducing new supply to the market. Notably, **over 240,000 BTC from older bands has been distributed to the market in the past three months**.

**The silver lining?** Selling by long-term holders is decreasing, with exchange flows hitting multi-year lows last week. Technical analysis suggests Bitcoin is on the cusp of a **potentially massive upward move**. Some analysts predict that reaching **$110,000 could trigger bearish futures liquidations**, and surpassing **$112,000 might pave the way to $140,000**.

For those tracking these developments, the **CoinShares Crypto ETF Hub** offers further insights and strategies.

With sizable inflows into spot bitcoin ETFs and the recent ebullience surrounding equities, some investors are vexed by recent lethargy.

Bitcoin's Quiet Before the Storm: Why ETF Inflows Hint at a Major Price Surge

**Bitcoin (BTC)** has seen modest gains recently, with a 3.6% increase over the past month. However, the cryptocurrency is now showing signs of **weakening demand**, which could hint at an impending price correction.

### **Bitcoin's Apparent Demand Turns Negative**

Analyst Crazzyblockk from CryptoQuant highlights that **Bitcoin's new buyer demand** is no longer sufficient to counterbalance the supply from **miners and long-term holders (LTHs)**. This imbalance has pushed Bitcoin's **Apparent Demand into negative territory**, a bearish signal for the market.

![Bitcoin](https://s3.tradingview.com/news/image/newsbtc:dbbb0e888094b-e34afd4a096b2ffcc4bdf16091890d12-resized.jpeg)

When **Apparent Demand** is negative, it means more BTC is being sold than bought, increasing downward pressure on prices. Notably, **LTHs selling** often indicates that experienced investors believe the market has peaked, adding to the bearish outlook.

### **Market Vulnerabilities and Potential Scenarios**

The analyst warns that the market is now in a **high-risk state**. Any price rallies may struggle against the **wave of available supply**, and support levels could be weaker than expected. Until demand shows clear recovery signs, **caution is advised**.

However, not all signals are negative. Another CryptoQuant analyst, Avocado_onchain, points out that the **30-day moving average of Bitcoin Binary Coin Days Destroyed (CDD)** suggests healthy consolidation rather than a market top.

### **Silver Linings for Bitcoin**

Despite the concerning demand metrics, **easing geopolitical tensions** and positive macroeconomic developments could still fuel a rally in **risk-on assets**, including Bitcoin. Additionally, the **short-term holder (STH) floor price** has risen sharply, now standing at **$98,000**, which may prevent a severe pullback.

At the time of writing, **BTC is trading at $107,500**, down 0.5% in the last 24 hours.

![Bitcoin](https://s3.tradingview.com/news/image/newsbtc:dbbb0e888094b-4b9600f798901f8b07061fbdb490aaf8-resized.jpeg)

Although Bitcoin (BTC) has recorded slight gains over the past month – up 3.6% in the last 30 days – the leading cryptocurrency is experiencing a lack of Apparent Demand, indicating broader market weakness that could lead to a price slump in the near term.Bitcoin Apparent Demand Enters Negative Ter…

Bitcoin (BTC) Price History: Will July See a Rebound?

Summary:

Bitcoin (BTC) has experienced volatility in June, with several failed attempts at recovery.

Historical trends suggest that BTC may bounce back strongly in July, with an average return of 7.98% and a median return of 9.60% in the past.

Spot BTC ETFs are considered a key growth catalyst for Bitcoin, despite recent outflows.

Market experts expect intensive inflow into spot BTC ETFs in the coming months, which could drive Bitcoin back to its previous ATH.

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