Bitcoin’s Momentum Is Losing Steam as Seasonal Headwinds Loom, 10x Research Says

Bitcoin’s Momentum Is Losing Steam as Seasonal Headwinds Loom, 10x Research Says

Bitcoin (BTC) has been trading in an excruciatingly tight range just below $120,000, but the rally is quickly losing momentum as the market enters what has historically been a soft month for the crypto, a report from 10x Research warned.August has been bitcoin's weakest month over the past decade, with only three positive years and others delivering 5–20% losses, the report noted.The report also flagged a slowdown in capital flows into the Bitco…

Bitcoin Faces Seasonal Weakness as August Looms Near $120K Resistance

Bitcoin (BTC) is struggling to maintain momentum just below the $120,000 mark, with analysts warning of potential downside as the market enters Augusta historically weak month for the cryptocurrency. According to a report by 10x Research, August has delivered losses between 5% and 20% in most of the past ten years, with only three years posting gains. The report highlights waning capital inflows, a key factor behind Bitcoins 2025 rally. Cumulati…