Will Bitcoin price recover in July?

Bitcoin’s past July gains and heavy short bets point to a rally toward $75,000, but a break below key support keeps the risk of $55,000 in play.

Bitcoin (BTC) is heading for its worst monthly loss since mid-2022, with BTC down roughly 18.5% in June as price struggles to hold the psychological $60,000 support level.

BTC/USD monthly chart. Source: TradingView

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