Bitcoin's performance in July has historically been strong, and several indicators suggest a potential rally this month. Despite a 7% loss in June, largely due to miner selling and concerns over ETF inflows, Bitcoin's historical data shows that July tends to be a bullish month. In particular, whenever June has been a down month, July has typically seen a recovery. For instance, Bitcoin's average return in July is 1,322.78% over the past 13 years. Institutional investors, including BlackRock, have been buying the dip, and Bitcoin ETFs have shown positive flows, with net inflows holding steady at $14.6 billion year-to-date. Additionally, Bitcoin's correlation with the S&P 500 has turned strongly negative, which often marks the end of a lengthy correction. On-chain data indicates potential resistance at $65,000, but overall sentiment remains positive for a July rally. Bitcoin closed June with a 7.16% loss, 12.09% down in Q2, but up 48.32% over H1. It is now supported by the 50-week SMA at $47,372 and the 200-week SMA at $36,686.