Slow month of July for the Bitcoin crypto market.

Greetings to all readers of this great platform, especially those who make life in the great community of #ProjectHOPE, in the present opportunity I want to share information regarding the BTC and its slow growth for this month of July, taking into consideration the previous 3 years where July was always one of its best months of the year for market growth, but this year seems to be in an eternal lateralization that does not advance easily.

The crypto market becomes in the end in cycles, repetitive behaviors with which we are understanding a little how it works, in addition to that special feature in terms of market volatility, where it is very easy to see how the market rises or falls sharply, but this always happens in the same direction of the market and in few cases in the opposite direction, but what it seeks is to consolidate an area, by going out strongly to a direction to then be able to consolidate.

Observing how the cycles are repeating themselves, we are getting a little clearer about the market and we can prepare ourselves for what is coming, but it can also manage to surprise us by doing the unexpected as it has become a habit in the behavior of BTC in recent times, and in this month of July it is doing it once again, that is, it is going against what it was commonly doing in previous years.

By reviewing the cryptocurrency explorers, we can see how the BTC market in the last 3 years taking into account the month of July were always positive months, which we can observe that, July 2020 24% in terms of growth, July 2021 18% in terms of growth and July 2022 despite that fulminant bear market was positive with 16% growth, which is already becoming a constant to observe a positive market for this month.

Now, in this 2023, although the market has shown signs of recovering and being able to be with a consolidated accumulation zone, we are already halfway through the month and the growth has been null since it does not reach 1%, taking into consideration its behavior, it is possible that we have a very good second part of July for the market, or that it ends up breaking what it has generally been doing, but I believe more in the first option of a very good closing of July.