Post
Topic
Board Speculation
Re: All Eyes On Bitcoin’s Monthly Close
by
btc_angela
on 31/08/2022, 20:27:57 UTC
As of this video we have 8 hours left in the month. If we close near $20k the trend is projecting a significant drop in September. The good news is that this should be the last one. The last one is the most emotional though so I’m expecting long wicks and lots of liquidations for those that haven’t done their risk management properly. Buckle up since when September is in the books things will start getting fun for years to come.

https://youtu.be/w6bk4SQuiPU

It looks like we are going to close the month just above the $20k price. I wouldn't be surprised to see a drop even up to the end of the month because we are in a bear market.

Although usually in December there could be significant increased but nothing spectacular. Nevertheless, as you have said, we should just expect the unexpected and let this year ride all throughout with a good risk management. I guess for the majority, the risk is nothing, I mean we should just hold and see how it goes in the future.