Ramazan Eles 
The cryptocurrency market is buzzing with anticipation as Bitcoin (BTC) gears up for a potential summer rally. With the much-awaited spot Ethereum ETFs expected to launch on July 4th, analysts are painting a bullish picture for the leading digital asset.
Bitcoin’s price has already shown signs of recovery, bouncing back from its recent dip below the $60,000 support level to reclaim the $63,000 mark. This positive momentum is further fueled by rising spot BTC ETF inflows, which reached a two-week high of $73 million last Friday.
QCP Capital analysts echo the optimistic sentiment, highlighting Bitcoin’s historical tendency to perform well in July. The asset has averaged a 9.6% return during this month, particularly after experiencing a negative June. This seasonal trend, coupled with the upcoming ETH spot ETF launch, is fueling investor expectations for a bullish July.
Despite the overall bullish outlook, Bitcoin’s price has experienced a slight dip in response to the German government’s Bitcoin sale. As of writing, BTC is trading at $62,826, while Ethereum remains at $3,482.