Svmuu News: Although Bitcoin (BTC) has posted a cumulative gain of nearly 10% since July—marking its best performance for this time of year in nearly four years—several market analysts have warned that the current trend bears a strong resemblance to the 2022 bear market, and the market may turn bearish again starting in August.Looking back at 2022, Bitcoin rebounded by nearly 17% in July but subsequently fell by about 14% in August and 3% in September.
Trader Daan Crypto Trades noted that Bitcoin’s current performance is largely in line with its historical average for July, but the third quarter has historically been one of the weakest quarters for Bitcoin, with an average gain of only about 6%. Gradually declining market liquidity and trading volume could be key factors contributing to weak third-quarter performance.Rekt Capital also pointed out that the price trend of Bitcoin in 2026 bears a strong resemblance to previous bear market cycles. If history repeats itself, Bitcoin may continue its summer rally in the second half of July but could then face a new round of correction. (Cointelegraph)