Max Trades|Jul 23, 2026 11:39
BTC
Looks like we'll see another bullish July during a bear market.
At the start of July, I mentioned that I believed there was a decent chance that this month would close green.
Reason being that July has historically been an exceptionally strong month during bear markets. On top of that, June saw almost nothing but downside, making a month of relief a likely scenario.
Since the start of July, BTC has been grinding higher and is now up roughly 16% from the local lows.
While I still believe there could be some more upside left, I do think this rally is close to an end.
A likely scenario, in my opinion, would be one final push into the $68K–$70K area before this rally runs into exhaustion and we see a larger pullback to clear out some of the downside liquidity that has built up over the past few weeks.(Max Trades)
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