Bitcoin Enters Cautious August with TD Sequential Sell Signal
Bitcoin's technical setup is cautious as it enters August, according to analysts. A TD Sequential sell signal has appeared near $65,000 on a three-day chart, suggesting potential exhaustion in the current price move. However, this signal does not guarantee a fall in price and may indicate a period of consolidation or correction.
The broader market structure shows that Bitcoin has struggled to maintain a sustained move above the mid-$60,000s, with several technical averages remaining above the current market price. This makes the $64,000, $65,000 region an important area for short-term predictions.
August seasonality is also a factor drawing attention, as historical data shows that Bitcoin declined by 13.88% in August 2022, 11.29% in August 2023, 8.60% in August 2024, and 6.49% in August 2025.
The recent sequence of declines averages approximately 10%, making the current situation notable. However, historical monthly performance alone is not enough to establish a Bitcoin price forecast for 2026.