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Bitcoin has experienced a significant decline in July 2024, dropping over 11.7% so far this month, reaching a five-month low. Despite this, bullish indicators have emerged, suggesting potential market recovery. Historical trends reveal that Bitcoin's current slump mirrors patterns seen during the 2017 bull run, with four straight weekly declines. Additionally, institutional networks are preparing for Bitcoin integration, indicating growing interest from traditional financial sectors. Bitcoin traders are also eyeing a potential market boost from a Trump victory.
-Crypto natives front ran BTC ETF and made lots of money -Rotated into meme coins due to FOMO and greed -Meme coins rugged down 80-90% -Rotated back into BTC -Gov/mt gox coordinated dump drops BTC price -Crypto natives liquidated and tradfi dca buys BTC Nature is self-healing
INSIGHTS 📉 4 straight weekly declines for #Bitcoin evokes 2017 bull run patterns via @jvs_btc data via @glassnode https://t.co/KHAxgUmb2y
#CryptoNews: Bitcoin's Bullish Indicators Emerge Despite Price Reaching Five-Month Low https://t.co/eagCc6wOaV Bitcoin (BTC) experienced a rocky start to the second half of 2024, plummeting over 11.7% so far in the month of July...
