Bitcoin faces renewed correction pressure as technical signal emerges in August
A technical sell signal has emerged as Bitcoin enters August, historically one of its weakest months, raising concerns about further downside pressure.
According to market analyst Ali Martinez, the TD Sequential indicator flashed a sell signal on Bitcoin's three-day chart at the end of July. This warning arrives as Bitcoin enters August, which has historically produced weak returns for the cryptocurrency.
Data shows Bitcoin has recorded losses in every August since 2022. The declines totalled 13.88% in 2022, 11.29% in 2023, 8.60% in 2024, and 6.49% in 2025, averaging roughly 10% across the four-year period.
The TD Sequential printed a "9" sell signal after Bitcoin climbed toward $65,000 during July, with traders using the indicator to identify potential trend exhaustion and reversal points. Bitcoin was trading around $63,886 when the signal appeared. If seasonal trends persist and the technical signal proves accurate, Bitcoin could face further downside pressure, with support watched near $63,000. However, strong market catalysts could still invalidate the bearish outlook.
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