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.
Posting 8 hours before the end of the month and somehow expecting big movements to happen? Seems a little bit silly to me. At the very least it will happen in the full 24 hour cycle including the last day of the month - as your "last 8 hours" is different from the last 8 hours in Zimbabwe and the last 8 hours in Shanghai. Cryptocurrency in general is extremely volatile compared to say the stock market, where traders are making judgements on what will happen weeks or months ahead because shorter time frames are simply too erratic to be profitable. It seems that Bitcoin is settled for now, but as more bad news starts to come out in relation to recession then it might continue to trend downwards albeit at a slower pace.