<p><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDgvMDE5ODczMDgtYmNhYi03YzM0LWIwNjMtZTdlMGUyYjI3ZDJj.jpg" alt="$110K support key as Bitcoin enters bear month with a 5% dip: Analyst"></p><p>The month of August has historically been a bearish one for Bitcoin, and is already off to a choppy start.</p>