Bitcoin (BTC) on Verge of Worst Month in Price History

Key Points

1. August is Bitcoin’s worst-performing month, with an average return of -0.23% and repeated sell-offs.

2. In 2024, BTC fell by 8.73% in August; in 2023, it dropped 11.2%, and in 2022, it declined by 14%.

3. BTC is currently trading around $119,000 after ending July with an 11.3% monthly gain, but August’s historical trend suggests potential downside.

4. Positive August performances, like +14% in 2021 or +2.54% in 2020, occurred during bull cycles, but the current market may face mean-reversion pressure.