HomeUncategorizedBitcoin price dips 14% in August as trader warns of ‘macro drop down’ By Cointelegraph

Bitcoin price dips 14% in August as trader warns of ‘macro drop down’ By Cointelegraph

September 2, 2022

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Bitcoin price dips 14% in August as trader warns of ‘macro drop down’

(BTC) has sealed its worst August performance since 2015 after the monthly candle closed down 13.9%.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView confirms that BTC/USD finished the month at $19,990.

BTC/USD 1-month candle chart (Bitstamp). Source: TradingView
BTC/USD monthly returns chart (screenshot). Source: TradingView