Bitcoin, that sly fox of the digital frontier, has taken a tumble this August, shedding 2.07% like a man fleeing a thunderstorm. TradingView whispers that it once dared to touch $124,533, a fleeting high that left traders scratching their heads, wondering if the market had finally lost its mind. 🤯
For four months, Bitcoin danced in the sun, a golden child of the crypto world, but August? Oh, August is the month where even the most determined bulls yawn and say, “Not today, Satan.” The last three years? A parade of double-digit losses, as if the market itself were on a keto diet. 🥦
As of now, Bitcoin is down 0.28% today and 6.83% this week, skulking around $113,315. Its low of $112,344 on Wednesday was about as thrilling as watching paint dry. 🎨
Some say this drop is just a “healthy cooldown,” a necessary pause for a market that’s been sprinting since April. But let’s be real-crypto ETFs and Bitcoin treasury firms are hoarding BTC like it’s the last loaf of bread in a zombie apocalypse. 🧁
Bitcoin’s “Sendtember?”
Now, the market holds its breath, wondering if September will be the month of reckoning or redemption. According to Kaleo, September has been a local bottom four out of five years, a pattern as reliable as a broken clock. “Sendtember is a springboard for Uptober,” he writes, as if the market were a toddler learning to walk. 🐣
For as much hate as September gets, it’s marked a local bottom four out of the last five years for Bitcoin.
Sendtember is a springboard for Uptober.
– K A L E O (@CryptoKaleo) August 21, 2025
Historical data paints a grim picture: Bitcoin often stumbles in September, averaging a 5% loss. It’s the month that hates you, the one that makes you question your life choices. 🧠
But fear not! After September’s woes, Bitcoin usually bounces back with the vigor of a caffeinated squirrel, gaining 88% in Q4. October? “Uptober,” they call it, a month where Bitcoin’s price dances like it’s at a disco. 🕺
Will history repeat itself this September? Only the Fed’s rate cuts can tell, and let’s be honest, those meetings are about as predictable as a Hollywood sequel. 🎬
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2025-08-21 14:31