BTC struggles to break above $65,500 resistance after a 50% drop from its $126,000 peak in October 2025.
Bitcoin trades at $63,000 after failing to sustain gains above $65,500, marking a 50% decline from its $126,000 peak in October 2025. The cryptocurrency fell 34% in the first half of the year, bottoming at $58,000 in July before a 13% recovery last month.
Historically, August has been Bitcoin’s weakest month, with a median loss of 7% over the past four years. The June low of $58,000 remains a key support level, while futures markets price a 60% chance of a September rate hike, adding pressure ahead of August inflation data.
BTC last traded below $60,000 in October 2024 and has since held above that level, but rallies have stalled near $65,500 as underwater buyers limit upside momentum.