Bitcoin could drop below $63k as market structure remains volatile

Key takeaways Bitcoin (BTC) dropped below $64,000 despite improving derivatives data. Analysts at QCP note that July has historically been one of Bitcoin’s strongest months, averaging gains of around 7.5%. Glassnode says Bitcoin is showing signs of structural stabilization, with spot selling pressure easing significantly. Bitcoin (BTC) started July on firmer footing, recovering above the […] The post Bitcoin could drop below $63k as market structure remains volatile appeared first on CoinJournal.