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.
Significant drop to what price? The significant drop known has been when bitcoin dropped from $48500 to $17600. Can their be a drop from $20000 to prices below? The strength at $20000 is strong and I am not thinking bitcoin would drop much below $20000.
We shouldnnot also forget that this is the time to hold.
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.
It is normal that traders that are not good would have active trading asset that would be liquidated, but I am not expecting any liquidation for holders which only just bought bitcoin. Remember 1 BTC equals 1 BTC, no liquidation price.