{"id":4629,"date":"2025-07-01T14:15:07","date_gmt":"2025-07-01T14:15:07","guid":{"rendered":"https:\/\/bitunikey.com\/news\/analysts-say-bitcoin-could-hit-new-ath-116k-this-july\/"},"modified":"2025-07-01T14:15:25","modified_gmt":"2025-07-01T14:15:25","slug":"analysts-say-bitcoin-could-hit-new-ath-116k-this-july","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/analysts-say-bitcoin-could-hit-new-ath-116k-this-july\/","title":{"rendered":"Analysts say Bitcoin could hit new ATH $116k this July"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">After analyzing BTC\u2019s historical pattern, Matrixport analysts predict that the largest cryptocurrency by market cap could reach as high as $116,000 in the next few weeks.<\/p>\n<p>In a recent <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/Matrixport_EN\/status\/1939942415952904391\" target=\"_blank\">report<\/a>, Matrixport analysts state that the month of July has always \u201chistorically favored Bitcoin,\u201d as patterns of strong gains for BTC (BTC) have been consistently shown every year during the same period. Due to this strong pattern, analysts predict that it may be able to reach a new all-time high at $116,000.<\/p>\n<p>\u201cIf historical seasonality holds, Bitcoin could be poised for another move higher \u2014 potentially reaching $116,000 in the coming weeks,\u201d wrote the on-chain analysis firm.<\/p>\n<p>If BTC does manage to reach the $116k mark in July, it would give way for a new all-time high, beating out the previous $111,814 from May 22 this year.<\/p>\n<p>According to the shared chart showcasing Bitcoin performance in July, BTC once hit its highest July peak in 2020, rising by as much as 23.9%. The next two years that followed also held up strong gains. Analysts have concluded that the month of July has shown consistent gains, with an average return of more than 9.1%.<\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" class=\"wp-image-14393281\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Bitcoin\u2019s performance in the past few days, July 1, 2025 | Source: crypto.news<\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Although the past three years have only provided modest gains, with a 4.1% dip evident in 2023, analysts calculated that during the five-year time period BTC has managed to deliver double-digit gains.<\/p>\n<p>\u201cThis creates a clear risk or reward skew to the upside as we head into July,\u201d said Matrixport analysts.<\/p>\n<p>As of late, BTC has been on a slow descend after geopolitical tensions between Iran and Israel heat up as well as the cautious stance on interest rates taken by the Fed. At press time, BTC has gone down by 0.9% in the past 24 hours. The largest cryptocurrency by market cap is currently trading hands at $106,678.<\/p>\n<p>Most recently, Matrixport highlighted a key difference between the recent BTC rally and previous ones. The analytics firm believes that this cycle is fueled by institutional investor demand, proven by the flurry of companies switching to adopt BTC as corporate reserve assets. This is largely in contrast with past rallies, which relied on retail investor moves to predict the market.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>After analyzing BTC\u2019s historical pattern, Matrixport analysts predict that the largest cryptocurrency by market cap could reach as high as $116,000 in the next few weeks. In a recent report,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4315,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=4629"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4629\/revisions"}],"predecessor-version":[{"id":4630,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4629\/revisions\/4630"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4315"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=4629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=4629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=4629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}