So yeah... What do you guys think of August? Is it gonna be green again or will BTC take a break for a bit and close red?
I do not know what will happen this time as bitcoin continuously rejecting $120000, and not rejecting $118000. Also the bull period is getting close to end time that bear market will begin. In the next 4 months, we may begin any bear time but the price of bitcoin may not really be that volatile. As for this month, I think bitcoin is not going below $110000 and not going above $125000.
I think why Bitcoin isn't reaching the $120,000 in recently but reaching $118,000 is because it's still consolidating. Just like you rightly said we're closer to the end of the bull run than we've been since the beginning of the current halving. But that I don't think means Bitcoin will not hit another ATH before the end of the bullish season. My analysis and the predictions of the experts I've been following suggests that Bitcoin will move uptrend again after it's done consolidating. So in the month of August, I expect Bitcoin to reach $126k or more.