Bitcoin's 9% Gain Cements Bullish Seasonal Pattern

Bitcoin's July gains are approaching 9% and continue its bullish seasonal pattern. This year, it has already surpassed returns from July 2024 and July 2025, with traders now watching for a close above 10%. If this happens, it would mark only the sixth double-digit July in history.

Currently, the BTC price sits at $63,703.5 inside its Bollinger Bands, with upper resistance at $65,015.0 and lower support at $63,229.94. The EMA50 at $64,418.67 and EMA200 at $63,948.43 act as overhead resistance, while the MACD death cross keeps the 4-hour structure bearish.

The RSI of 42.19 shows neutral momentum, indicating that any push toward the upper band may meet selling pressure before a test of the 50-EMA support.