Bitcoin Price Predictions July 2022

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Last Updated on 29 June 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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July 2022 is just around the corner, and if we take the median result of the past 11 years, we see that the seventh month of the year provides for a very healthy 18% growth on average for Bitcoin. In July of 2020 Bitcoin rose 24%, in 2021 it delivered a very healthy 18% return.

And now, as Bitcoin has dropped to levels unseen for the past two years, a inflation worries are high and everyone is hoping for a return to more normal levels for both stocks and crypto coins, what are analysts and experts predicting for July?

Arthur Hayes, co-founder of 100x, stated that with 4 July being part of a holiday weekend in the US, chances for an early slump exist. He stated:

By June 30, the Fed will have enacted a 75bps rate hike and begun shrinking its balance sheet. July 4 falls on a Monday, and is a federal and banking holiday. This is the perfect setup for yet another mega crypto dump.

Advertentie.

Most speculative of all time

Just yesterday, even the renowned Financial Times tried to predict (using past crashes and comparisons to Japanese stock market downs) where Bitcoin could go next. Katie Martin, writer of the FT’s Long View column, said, Bitcoin is currently:

The most speculative asset on the planet, possibly even the most speculative of all time.

The FT concluded that a regulatory solution could provide temporary relief for Bitcoin and crypto markets, which would take it up again.

CNBC’s “Mad Money” host Jim Cramer was also recently asked about Bitcoin’s future course. He claimed that:

The charts suggest that bitcoin could have a nice relief rally over the next few months, even if he doesn’t see it revisiting its old highs for years or even decades.

I can’t countenance buying crypto here, but if you still own some and you want out, I’m betting that from this, if you’re another dip down, you might get a better price to get out.

And for a technical summary, we see what FX Street is saying. Their analyst stated:

While things are looking up for Bitcoin price, rejection at the 200-week SMA will indicate buying weakness. In such a case, if BTC produces a weekly candlestick close below $19,252, it will invalidate the bullish thesis and trigger a 19% crash to 15,551.

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