So July monthly chart is looking pretty good imho. It's up a tad over 8% and the chart looks nice. But it looks like there was some month end shenanigans going on as some guys decided it was a good time to sell down. It's really weird timing. 
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?
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?
The month of August in the past have always been in a state of bearish conditions and as we can see before the end of last month once entry of this new month, the market have been consolidating or rather say it has been on bearish trend with sellers taken over the market. Since historically, August is not always the best month for bitcoin, I’ll rather settle for a neutral outcome on this state of the market. We may not achieve a new ATH and we may also not fall below the entry price of bitcoin into this month. The market will hold up to $100K+ but won’t see a significant bullish trend to see it record another ATH this August. It will just remain in a consolidating state.