A trader is going against the seasonal grain and betting Bitcoin rises in August, an unusually optimistic call for one of crypto's historically weakest months.

• August is usually a losing month for Bitcoin, red in 8 of the last 11 years.
• Trading signals point up this time, so the bet is on more upside despite the bad reputation.
• As long as Bitcoin holds above a key trend line, there's no reason to turn bearish, even short-term.
• A break below that line would flip the outlook and open the door to a drop.

Outlook: Bullish for now, but a failure to hold the trend line would set up a slide back toward the mid-$63,000 area.

## Bitcoin Levels

• **Bias:** Bullish while price holds above the trend midband
• **Buy / accumulate:** Buying toward the upside in August
• **Support:** Weekly lows around $63,000
• **Targets:** Downside target around $63,000 if the trend line breaks
• **Invalidation:** A break below the trend midband turns the outlook bearish