Bitcoin risks worst August since 2015 as hodlers brace for 'Septembear'
https://cointelegraph.com/news/bitco...for-septembear
BItcoin (BTC) is on track to see its worst August performance since the 2015 bear market — and next month may be even worse.
Data from on-chain analytics resource Coinglass shows that BTC/USD has not had an August this bad for seven years.
After two major BTC price comedowns in recent weeks, Bitcoin hodlers are understandably fearful — but historically, September has delivered even worse performance than August.
At $20,000, BTC/USD is down 14% this month, making this August the biggest loser since 2015, when the pair posted an 18.67% red monthly candle.
Subsequent years have proven that August can be a mixed bag when it comes to BTC price performance — in 2017, for example, the largest cryptocurrency gained over 65% in a bullish record.
One month which has left no one guessing when it comes to probable price direction, however, is September. Already famous as a "red" month for Bitcoin, average losses since Coinglass records began in 2013 have been almost 6%.