Bitcoin showed a double-digit surge in July, rising from under $58,000 to approximately $65,000, before being stopped at its monthly peak of $67,000. Analyst Ali Martinez warns however about an unfavorable historical pattern: every August since 2022 has been in the red, with declines of 14% in 2022 and 11.3% in 2023. Out of the last 12 Augusts, only three have been positive. Analyst Rekt Capital adds that the current 11-14% rebound cannot offset the 20%+ drop seen in June, a sign of progressively weakening support around the $60,000 level.
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