Bitcoin recorded notable gains in July, but historical data suggests that August could prove more erratic. Since 2013, the average August return is slightly above 1%, but the median return is negative, with notable exceptions like the 65% gain in 2017. Recent years show a downward trend: a drop of nearly 9% in 2022 and more than 6% in 2023. Bitcoin is currently consolidating around $63,000 to $65,000, with an RSI near 50, indicating a balance between buyers and sellers. Resistance stands at $67,000 and then $72,000, while support is expected around $60,000.
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