Bitcoin posts 14% monthly drop, worst 'August performance' since 2015

BlockBeats news, on August 28, according to Coinglass data, BTC/USD price has fallen by 14% this month, the worst August performance in the past seven years, but historically, Bitcoin's performance in September is even worse than that in August. Caleb Franzen, senior market analyst at Cubic Analytics, noted that a BTC price below $20,000 would disrupt the Pivot zone since it first broke that level in 2020, If bitcoin fails to hold the $20,000 support level in August, it will likely test the next $14,000 support level in September.