Recent strength in bitcoin, with it trading up 1.7% to $63,762 today, has some analysts wondering if the brief dip into the high $50k territory marks the near-term bottom for bitcoin. Analysts with Bitfinex say that bitcoin typically finds its cycle lows in June, meaning that July typically is a recovery month for the token. Supporting this is the return of ETF inflows starting July 2. According to the firm, it would take a sustained re-entry of ETF funds into bitcoin to pull prices out of their current range. "One session of inflows however is insufficient to reverse the technical damage inflicted from six consecutive weeks of selling," says Bitfinex. (kirk.maltais@wsj.com)