Bitcoin trades near $63,000 as TD Sequential sell signal and August seasonality raise caution
π¨ $BTC hovered near $63,000 after a TD Sequential sell signal flashed close to $65,000. π Technical barriers keep buyers cautious, with August historically a tough month for $BTC. π Support stands at $62,800β$62,900 and resistance at $63,500β$64,700 amid mixed momentum. π In the past four Augusts, Bitcoin posted average monthly declines of around 10%.
π¨ $BTC hovered near $63,000 after a TD Sequential sell signal flashed close to $65,000. π Technical barriers keep buyers cautious, with August historically a tough month for $BTC. π Support stands at $62,800β$62,900 and resistance at $63,500β$64,700 amid mixed momentum. π In the past four Augusts, Bitcoin posted average monthly declines of around 10%.
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