Bitcoin is forecasted to gain as it often mirrors the performance of the S&P 500, which has recorded positive returns in July for the past decade. Historical data indicates that Bitcoin has not lost more than 10% by the end of July. Despite a lackluster start to the month, with prices dipping under $106,500, traders remain optimistic for a bullish July. Bitcoin traders expect the digital asset to track stock market trends, anticipating significant gains throughout the month. The trader Mikybull Crypto highlighted the success of previous Julys, while others like Crypto Fella and Daan Crypto Trades commented on the potential for Bitcoin to break out of its current trading range. Observing a mixed performance in May and June, July's historical patterns offer hope for improved outcomes, suggesting that Bitcoin could achieve new all-time highs alongside the S&P 500 this month.

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