Bitcoin Rebounds in July, But Can Momentum Continue?

After consecutive declines in May and June, Bitcoin rebounded in July with a notable 9.82% gain for the month.

The surge brought Bitcoin back into positive territory after a difficult stretch earlier in the year.

Price action in late July saw the cryptocurrency trading in the $64,000, $65,000 range, reflecting the recent strength amid ongoing market volatility.

Crypto analyst Michaël Van de Poppe is confident in Bitcoin's near-term upside, expecting a rally toward $73,000 with the potential to reach $83,000.