Odaily News Alex Kuptsikevich, senior market analyst at FxPro, said in an email: "If the decline in Bitcoin continues, the dynamics near the $63,000 and $61,000 levels close to the 50-day and 200-day moving averages will be important. The failure of this support will open the way to $55,000, which is very scary." He also said: "August is considered one of the worst two months for Bitcoin. In the past 13 years, Bitcoin has only risen 5 times and fallen 8 times in the month. The average decline is 15.4% and the average increase is 26%. "(CoinDesk)