The Question now is:
What is you bitcoin market price expectations for this month of August most especially in the first half of the month of August?
Do you think that we will see a $70k BTC price or we likely going to see a decline in the price in the short term basis?
Like always the price action remains unpredictable for bitcoin.
I'd say the situation has not changed. We still have the
same contributing factors to create a sell pressure and they will act as the preventing force against the rise to set a new ATH
easily.
On the other hand this recent recovery showed that one of the reasons above (tensions) has subsided a little which helped bitcoin recover a bit (tensions may pick up again). But most importantly the demand is still very much present and people are buying bitcoin which is the actual reason behind the recovery.
Generally I'd expect the same volatile bitcoin as we've had over the past months without breaking $70k anytime soon.