A cryptanalyst told what will happen to Bitcoin in July 2024

He suggests that if Bitcoin continues to consolidate in the market, it is likely that the value of the asset in July 2024 will be in the range of $60,000 to $70,000.

The expert believes that as long as BTC remains above the May lows, there is a high probability of growth, although this is not certain. Crown noted that the market should expect increased volatility, especially among altcoins reacting to fluctuations in the price of Bitcoin.

Crown mentions that the CME's weekly close showed Bitcoin closing slightly above the median, which supports bullish sentiment in the medium term. According to the analyst, if digital gold fails to hold its existing positions, there is a possibility of a fall to $61,000, which is a critical area for the bullish trend. The expert suggests that it will take until the end of July to prepare for a possible breakthrough in the value of BTC in the fourth quarter. In general, according to Eric Crown's forecast, Bitcoin has a chance of rising in price in July, but there is also a chance that it will stagnate until the end of the month.