Bitcoin, the pioneer cryptocurrency, entered July 2025 on a bearish note, showcasing a 1.3% intraday loss during Tuesday’s US market hours. This downtick signals a potential reversal within the daily channel pattern that drives the current correction trend. But does BTC’s historical July performance align with this bearish momentum, or could it rebound for a fresh breakout?
What Does History Say About Bitcoin in July?
One of the fundamental beliefs of financial market trading is that history tends to repeat itself. While not absolute, recurring seasonal patterns often help traders align their expectations with the price and market behavior. In the case of Bitcoin, July has historically delivered much positive growth with occasional short-term gains.
According to CoinGlass data, BTC’s July return over the past twelve years has shown only four years in loss, namely -9.69% in 2024, -7.67% in 2026, -6.59% in 2019, and -4% in 2023.
Bitcoin exhibited a bullish trend in the remaining years, with notable gains in July, including a 20.96% increase in 2018 and a peak return of 24.03% in 2020.
Therefore, if history repeats, the coin price could rebound from nearby support and maintain its price at or above $108,000.
BTC Hits Major Reversal Within Flag Formation
Over the last 48 hours, the Bitcoin price experienced a notable decline, dropping from $108,800 to $105,280, resulting in a 3.24% loss. A deeper analysis of the daily chart shows this pullback as a bearish reversal within the formation of a bull flag pattern.
Theoretically, the chart setup shows a long ascending trendline (pole) representing the dominant bullish trend, followed by two downsloping trendlines, which allow buyers to recoup the bullish momentum.
However, as the broader trend remains bullish, the Bitcoin price is likely to rebound strongly. A successful flip of the overhead resistance of $108,000 into potential support will signal the completion of the pattern and the continuation of the bullish trend.
However, as the broader trend remains bullish, the Bitcoin price is likely to rebound strongly.
Also Read: SEC Approves Grayscale’s Multi-Asset Crypto Spot ETF
