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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?
Right now, Bitcoin is down -5.4% month-to-date, and we still have 2 weeks to see if Bitcoin will end up in green by the end of the month of not.
My expectations? I'm pretty much bullish all year and it's the same for this month. I believe that we will end up in green when we enter the month of September because I believe that Bitcoin will gradually increase in price during the -ber months. Well, that's my expectation, but I'm still ready just in case it will not happen.
Bitcoin to $70,000? If it's this month, I don't think that it will happen unless there will be a catalyst that will push it's price upwards. So far, there isn't any that's why I don't think it will happen. What I believe though is that, Bitcoin will surpass the $70,000 price during the final quarter of the year. As for what happened in the last few weeks, the recovery really is that fast indeed and I didn't expect it because what normally happens is that, the market will go down sharply then it will slowly increase in price. That didn't happen.
Overall, I hope that most here grabbed the opportunity to buy when it went down and sold it for a short term profit.
