KuCoin Predicts Bitcoin Rebound Next Week Amid July Weakness

KuCoin has expressed optimism about Bitcoin's potential price movement in the near future. According to the exchange, #Bitcoin could experience a resurgence next week. However, this prediction comes with some caveats, as several charts have opened July on a poor note.

The exchange also took issue with Ripple's decision to conduct a wealth transfer from XRP holders to itself on Friday. This move was seen as less than ideal by KuCoin.

A lot of charts opened July horribly on the monthly chart, and could correct once August begins, according to KuCoin.