Bitcoin price forecast and analysis (BTC) in July 2020

Bitcoin price forecast and analysis (BTC) in July 2020


Developments

The daily volume of Bitcoin futures   ( BTC ) fell sharply from $ 20 billion on June 11 to around $ 5 billion on June 13.

On June 14, as Bitcoin fell below $ 9,000, the volume of futures contracts began to increase, indicating a higher number of bearish trades and fewer bullish trades during price corrections.

While transaction volumes have fallen for the first time in three months, open interest in derivatives Bitcoin has reached 4 billion. This shows that long-term traders are not yet liquidating their positions.

As the expiration date of another futures and options contract approaches, traders are showing anxiety as the BTC has failed to surpass the $ 10,000 mark. More than 100,000 Bitcoin options worth a total of $ 930 million are set to expire on June 26. This number represents almost 70% of Bitcoin's total open interest .

Bitcoin price forecast: market opinion for July 2020

As several crypto forecast sites have made their own Bitcoin price prediction for July 2020, we have presented some of these predictions below so that we can provide a more complete market sentiment regarding the future price progression of BTC .

Longforecast

Longforecast estimated that BTC would start trading at $ 9,239 in early July. They have also predicted that the maximum price of the room for this month would reach $ 10898, while the minimum price would be about $ 8099. The monthly average was calculated at a price of $ 9,322. The closing price was estimated at $ 9,052, variation for July -2.0%.

Digitalcoinprice

 Digitalcoinprice's Bitcoin price forecast places the coin at a price of $ 22,644.95 in July, which represents an increase of 137.86%.

Tradingbeasts

Tradingbeasts predicted that Bitcoin would start in July at a price of $ 8,358,220. The maximum price for the month expects the coin to reach $ 10,440,237, while the minimum price has been set at $ 7,099,361. The bitcoin should close in July at a price of $ 8,352.190, with a variation of -11.18%.

Coinpredictor

Coinpredictor predicted that Bitcoin would drop -22.6% in July, which means the coin would trade at $ 7,137.53.

Capital Gov.

Gov.capital announced that Bitcoin's trading price for July 1 would be $ 10,115.42, with a maximum price of $ 11,632,733 and a minimum price of $ 8,598,107. Here is the rest of the forecast for every day in July.

Calendar date Regular Lowest possible price Best possible price 2020 July 2020 01 July, Wednesday  10115.42  8598.107  11632.733 2020 02 July, Thursday  9996.994  8497.4449  11496.5431 2020 03 July, Friday  10419.88  8856.898  11982.862 2020 04 July, Saturday  10646.30  9049.355  12243.245 2020 05 July, Sunday  10406.00  8845.1  11966.9 2020 06 July, Monday  10508.02  8931.817  12084.223 2020 07 July, Tuesday  10498.06  8923.351  12072.769 2020 08 July, Wednesday  10700.21  9095.1785  12305.2415 2020 09 July, Thursday  10933.46  9293.441  12573.479 2020 July 10, Friday  10875.39  9244.0815  12506.6985 2020 July 11, Saturday  10496.60  8922.11  12071.09 2020 July 12, Sunday  10394.29  8835.1465  11953.4335 2020 July 13, Monday  10386.99  8828.9415  11945.0385 2020 July 14, Tuesday  10208.55  8677.2675  11739.8325 2020 July 15, Wednesday  10019.28  8516.388  11522.172 2020 July 16, Thursday  10015.18  8512.903  11517.457 2020 July 17, Friday  9898.344  8413.5924  11383.0956 2020 July 18, Saturday  10357.19  8803.6115  11910.7685 2020 July 19, Sunday  10463.29  8893.7965  12032.7835 2020 July 20, Monday  10608.92  9017.582  12200.258 2020 July 21, Tuesday  10684.44  9081.774  12287.106 2020 July 22, Wednesday  10690.21  9086.6785  12293.7415 2020 July 23, Thursday  10630.50  9035.925  12225.075 2020 July 24, Friday  10629.00  9034.65  12223.35 2020 July 25, Saturday  10806.51  9185.5335  12427.4865 2020 July 26, Sunday  10626.01  9032.1085  12219.9115 2020 July 27, Monday  10594.98  9005.733  12184.227 2020 July 28, Tuesday  10657.89  9059.2065  12256.5735 2020 July 29, Wednesday  10677.42  9075.807  12279.033 2020 July 30, Thursday  10632.49  9037.6165  12227.3635 2020 July 31, Friday  10692.46  9088.591  12296.329

Encryption

The Bitcoin  Cryptorating price forecast for July estimated that the coin will increase by 25.49%, which would set the BTC to $ 11,985.90.

Cryptoground

Cryptoground predicted that BTC would reach a price of $ 9,736.8819 in July, marking a change of 2.24%.

30rates

30 rates have   made projections for the first 20 days of July, and the minimum and maximum values of each particular day.

07/01 Wednesday $ 8,441 $ 9,711  $ 9,076 02/07 Thursday $ 8,553 $ 9,841  $ 9,197 03/07 Friday $ 8,679 $ 9,985  $ 9,332 06/07 Monday $ 8,099 $ 9,319  $ 8,709 07/07 Tuesday $ 8,748 $ 10,064  $ 9,406 08/07 Wednesday $ 8,523 $ 9,807  $ 9,165 07/09 Thursday $ 8,773 $ 10,093  $ 9,433 07/10 Friday $ 8,631 $ 9,931  $ 9,281 07/13 Monday $ 8,985 $ 10,337  $ 9,661 07/14 Tuesday $ 9,348 $ 10,756  $ 10,052 07/15 Wednesday $ 9,289 $ 10,687  $ 9,988 07/16 Thursday $ 9,472 $ 10,898  $ 10,185 07/17 Friday $ 9,001 $ 10,357  $ 9,679 07/20 Monday $ 9,017 $ 10,375  $ 9,696

Bitcoin price prediction: verdict

With this we have reached the end of our Bitcoin price forecast for July 2020. From the data and the forecasts we have analyzed, the market sentiment is largely positive for Bitcoin and expects the coin to break through the $ 10,000 mark soon.



PassionCrypto in English
PassionCrypto in English

Interview, News, Faucet, tutorials, AirDrop and lexicon in English

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.