$110K support key as Bitcoin enters bear month with a 5% dip: Analyst
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最新报道：Bitcoin dropped below $29,000 in early August, continuing a historical bearish trend for the month. Data from Cointelegraph Markets Pro and TradingView shows BTC price action struggling to hold support, with August traditionally being one of the weakest months for Bitcoin performance. Analysts note that August has seen negative returns in 6 out of the past 11 years, with an average loss of 6%. Market participants remain cautious as liquidity thins during summer months, potentially exacerbating volatility. The current price dip follows Bitcoin's failure to sustain momentum above $30,000 in July.
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