Bitcoin (BTC) is starting the week off struggling at $26,000, making August the worst month of 2023 for the cryptocurrency.
1. BTC price remains uncertain
The recent crash in Bitcoin's price has left many questioning its strength. Bulls have been unsuccessful in regaining control of the market, resulting in a lack of relief bounce.
2. September's poor performance
Historically, September has been a month of underperformance for Bitcoin. With the August monthly close just days away, there is concern that another downside surprise may be in store.
3. Macro triggers taking a back seat
This week, macro triggers are not the main focus in the crypto space. The highlight will be the release of the Personal Consumption Expenditures (PCE) Index data, offering insight into consumer spending.
4. Brace for worse to come
Despite the lack of rebound in sight, traders and analysts are remaining cautious. Many are preparing for the possibility of further declines in Bitcoin's price.
5. BTC price performance talking points
Cointelegraph provides a breakdown of the main talking points to monitor regarding Bitcoin's price performance in the week ahead.
