Bitcoin Is Having One of Its Best Augusts Ever. Is the Bitcoin Breakout Finally Here?
After a 24% rally in August, Bitcoin could be on track for a recovery in 2026.
Overview
This August, Bitcoin (CRYPTO: BTC) is up a stunning 24%. That's impressive in and of itself, but even more so when you consider Bitcoin's historical track record.
This is shaping up to be one of the best Augusts ever for Bitcoin. In fact, you need to go all the way back to 2017 to find a year when Bitcoin has performed this well. Bitcoin investors remember exactly what happened in 2017 -- Bitcoin ended the year up a stunning 1,250%. So is a similar type of breakout coming in 2026?
Details
All told, over the past 14 years, Bitcoin has only turned in positive returns five times in August. The last time Bitcoin turned in a positive performance in August was 2021. Its median return for the month is a loss of 7%.
Source
Originally published at www.fool.com.