Urgent Alert: Bitcoin Price Faces Critical Weakness Ahead of August Downturn

Key Points

1. August is historically Bitcoin's weakest month, with losses typically ranging from 5% to 20%, attributed to decreased trading activity and lower liquidity.

2. On-chain capital inflows have declined, with the 30-day rolling average dropping from $62.4 billion to $59.3 billion, signaling a potential shift in market dynamics.

3. A breakdown below $117,000 could trigger further declines, with support levels identified between $106,000 and $110,000.

4. Bitcoin has shown resilience in August during post-halving bull markets (e.g., 2013, 2017, 2021), driven by strong bullish momentum.

5. Investors are advised to prepare for volatility using strategies like stop-loss orders, dollar-cost averaging, and monitoring on-chain metrics.