Skip to content

Brace for gains: July is a historically winning month for Bitcoin

Brace for gains: July is a historically winning month for Bitcoin

June is a historically losing month for Bitcoin (BTC), a pattern repeating as the end of the month approaches. Conversely, July is a historically winning month, with primarily positive returns for investors who built long positions.

Finbold retrieved data from CoinGlass, highlighting Bitcoin’s monthly returns for the last 12 years since 2013. Notably, all nine months have had gains on their 12-year averages and medians except for June, August, and September. 

This year’s June has not been different. As of this writing, BTC registers 5% losses month-to-date, just one week before it ends. On average, June brought 0.19% losses to Bitcoin traders and a median of 0.5% negative performance since 2013.

So far, 2024 has had four winning months and two losing months, while June had a 6:12 winning ratio.

Bitcoin Monthly returns (%). Source: CoinGlass

Historical pattern forecasts a nearly 10% surge for Bitcoin in July

On the other hand, July has a 7:11 winning ratio since 2013, with 2020 having the most positive returns. This month has previously marked the start of last cycle’s bull market with 24% gains from July 1 to 31, 2020.

Over the years, July has accumulated gains of 7.98% and 9.6% on average and median, respectively. If this pattern repeats, Bitcoin could surge from nearly 10% up to 25% in 31 days.

Interestingly, prominent cryptocurrency analyst Credible Crypto forecasts an impending 30-day impulse for BTC to $100,000. Other analysts have been eagerly awaiting a 4-month resistance range breakout at $72,000, eyeing the $83,000 level.

BTC could reach any of these targets in July, consolidating the historical winning month.

Bitcoin price analysis

In the meantime, Bitcoin trades at $64,260, testing the range’s support while trying to regain momentum. The leading cryptocurrency has accumulated 52.25% gains year-to-date.

If BTC remains trading at this level by the end of the month, a 10% to 25% rally could drive Bitcoin to $70,000 and up to $80,000 by July 31. A target aligned with other analysts’ projections.

Bitcoin (BTC) year-to-date price chart. Source: Finbold

However, cryptocurrencies are inherently volatile digital assets, and historical performance does not guarantee future results. Investors must remain cautious and have a clear entry and exit strategy to increase their chances of gains.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.