He added that every single August since 2022 has been in the red, which is confirmed by data from CoinGlass. This streak of four consecutive Augusts with retracements brought some violent declines, such as the 14% drop in 2022 and the 11.3% dip a year later.<\/p>\n
If we go back further in history, though, we can see that there have been some quite promising exceptions during the eighth month of the year. Back in 2013, BTC rose by 30%, while the 2017 edition brought a massive 65% surge. However, only three out of the last 12 Augusts have been in the green.<\/p>\n Fellow analyst Rekt Capital also weighed in on BTC\u2019s performance in July but outlined a different perspective. He acknowledged that the cryptocurrency has risen by double digits (even though his percentage differs from the one on CoinGlass), but argued that it\u2019s a \u201cfar cry from previous rebounds.\u201d<\/p>\n This is because even though bitcoin has defended the $60,000 support and now sits at around $65,000, the double-digit price pump in July came after a significantly more painful June, in which the asset \u0432\u043f\u0430\u0432<\/a> by more than 20%. Consequently, the 11%-14% surge now can\u2019t even offset the previous month\u2019s losses. The analyst determined that this is a clear sign of \u201cprogressively weakening support over time.\u201d<\/p>\n #BTC<\/a><\/p>\n The upcoming Monthly Candle Close is slowly approaching<\/p>\n And as things stand Bitcoin has only rallied +14.5% from the ~$60k historical demand area<\/p>\n That\u2019s a far cry from previous rebounds which is a sign of progressively weakening support over time$BTC<\/a> #Crypto<\/a> #Bitcoin<\/a> https:\/\/t.co\/Hu8UEadXjI<\/a> pic.twitter.com\/9K4cgPJQNl<\/a><\/p>\n \u2014 Rekt Capital (@rektcapital) July 24, 2026<\/a><\/p>\n<\/blockquote>\n \u041f\u043e\u0441\u0442 Enjoy Bitcoin\u2019s Rally Now, but Brace for a Painful August: Analyst<\/a> \u0432\u043f\u0435\u0440\u0448\u0435 \u0437'\u044f\u0432\u0438\u043b\u0430\u0441\u044f \u043d\u0430 CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Although it was stopped at its monthly peak of $67,000 earlier this week, July has gone quite favorably for the primary cryptocurrency for now, showing a double-digit surge from its early low of under $58,000 to roughly $65,000 as of press time. However, popular analyst Ali Martinez brought up a painful historical pattern suggesting that […]<\/p>\n","protected":false},"author":1,"featured_media":50788,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25],"class_list":["post-50786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds","tag-bitcoin"],"yoast_head":"\n![\"Bitcoin](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-24-144709.png\")
<\/a>Weakening Support<\/h2>\n
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