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Alan Rogers: August historically sees more red closes for Bitcoin

Alan Rogers: August historically sees more red closes for Bitcoin
August often weak for Bitcoin performance

Alan Rogers highlights that August has traditionally been a challenging month for Bitcoin, often resulting in more red closes than green. The commentary notes that each cycle brings unique catalysts, liquidity conditions, and narratives that can impact Bitcoin's performance.

Rogers suggests market participants should observe what BTC has in store in the coming weeks.

Rogers has recently commented on key crypto milestones. He reported that the Robinhood DeFi chain secured $80 million in TVL and saw $200 million in stablecoins. Earlier, he noted the crypto market cap reached $2.245 trillion with Bitcoin at $62,600.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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