Bitcoin gains 26.07% in August as September seasonal test looms

  • Bitcoin posted a 26.07% August gain through August 29, 2026.
  • $77,661.02 was Bitcoin’s August 29 price, down 2.0% in 24 hours.
  • @rektfencer cited no prior green September after a green August.

Bitcoin was up 26.07% for August 2026 through August 29, renewing debate over whether September could break a historically weak seasonal pattern. Historical monthly-return data cited by the X account @rektfencer indicates Bitcoin has not recorded a positive September immediately after a positive August in the examined history. Bitcoin traded at $77,661.02 at 14:00 UTC on August 29, down 2.0% over 24 hours and 38.4% below its October 6, 2025, all-time high of $126,080. The same account later highlighted a death cross (a bearish moving-average crossover), although market data showed differing technical structures across timeframes. On the monthly chart, TradingView classified the overall indicator summary as Buy, with moving averages also rated Buy while oscillators were Neutral. Monthly Fibonacci calculations placed potential resistance at $128,103 and support at $64,031, representing gains of 64.95% or declines of 17.55% from the cited current price. ZachXBT had previously flagged @rektfencer on October 9, 2024, alleging that it operated more than 10 accounts, shared AI-generated posts and deployed memecoin scams including ANALOS BALLZ and CATDOG.

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