Bitcoin Rebounded in July, but Bears Target an August Pullback

We will begin with the mandatory disclaimer, as we are well aware that historical performance does not guarantee similar moves in the future. However, history does tend to rhyme, and that’s what happened in July for BTC.

The question is: will August follow suit, as the month has not been kind to the largest cryptocurrency, especially the last four editions.

July Brought Some Gains

Before we explore what happened in July, here’s a brief outlook of the painful June, which set the stage for a rebound during the seventh month of the year. The 2026 edition of June became the most violent in terms of price moves for the cryptocurrency in precisely four years. It tumbled by 20.48% in 2026 compared to 37.28% in June 2022.

As such, it was almost expected that July would be a better month. History was also on BTC’s side as 9 out of the last 11 were in the green. However, the start was actually quite surprising as bitcoin dipped below $58,000 on July 1 for the first time in nearly two years.

The bears quickly lost control, though, and the asset reclaimed the coveted $60,000 level within a day or two. It wasn’t the most volatile of months, but BTC still managed to post some gains and peaked on July 21 at $67,000. This became its highest price tag in two months.

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