Crypto
Bitcoin Logs Strongest August in Nine Years
Bitcoin's August performance was its strongest in nine years, with a 24% gain. This is the second-best monthly return above 20% since 2024, according to data. The third quarter so far has seen a 34.16% increase, making it the highest quarterly return since 2017.
The price action on the four-hour chart shows Bitcoin trading near the upper resistance at $79,088.03 within the Bollinger Bands. The EMA50 support is at $77,516.51, while the EMA200 holds at $71,209.6, maintaining a bullish structure.
The MACD golden cross at 65.96 confirms the trend's strength, but the neutral RSI at 53.76 leaves room for continuation towards higher targets without immediate overbought signals.