Tokocrypto Trader Predicts Opportunities At Bullish Bitcoin Momentum In July 2023

Bitcoin prediction in July 2023 (photo: Pixabay)

JAKARTA - The movement of Bitcoin (BTC) crypto assets closed positively last June. Based on Bitcoin Monthly Returns data, the price of BTC in June 2023 increased 11.98 percent or around 3,501 US dollars (Rp52 million).

Amid persistent market fluctuations, Tokocrypto External Trader Fyqieh Fachrur saw Bitcoin has shown growth potential to experience a bullish phase in July 2023.

Many data analysis shows that this July offers a golden opportunity that market players can take advantage of to achieve.

"From the technical footprint, Bitcoin has never touched a drop of more than 10 percent in July in the last three years, showing the impressive strength of the bullish trend during that period. This creates an exciting opportunity for investors who want to take advantage of this positive momentum," said Fyqieh.

However, Fyqieh stressed that the Bitcoin price movement is very volatile and can be influenced by complex market factors. According to him, there are two ways that investors can choose to implement investment strategies that have potential profit this July.

First, by purchasing at the beginning of the month with the lump sum method, an investment approach in which large amounts of money are invested in at one time or on one occasion.

The second strategy, which is wiser is to use a dollar-cost averaging (DCA) approach, where funds are invested in gradually within a certain period of time to reduce the risk of market volatility.

"The decision to use the lump sum method or other approaches depends on individual circumstances, investment objectives, risk tolerance, and market analysis. It is important for investors to do careful research, it is advisable to consider diversifying their portfolios and not invest all assets in one crypto asset," concluded Fyqieh.