Quote from: 2Pizza410000BTC on Today at 10:32:42 PM

Quote from: Olamidetechie on August 02, 2025, 09:13:43 AM

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Many will share a lot but we should not believe that everything can be believed. The whole month of July was in a good position where it built a strong position of $115,000 to $119,000. As August started, Bitcoin started dumping a bit and it reached $112k after which we saw Bitcoin increase again and is currently above $115,000. If the price of Bitcoin does not fall in August and increases, then we will see a new ATH of Bitcoin again. But I think we are not in a bear market we are in an upward position and in a bullish market.

Bitcoin price correction over the past few days appears quite reasonable, and it has now recovered slightly to above $115K. I'm optimistic that Bitcoin will reach a new all time high by the end of August. Furthermore, Bitcoin is still very dominant, which means the Altcoin season that some people were hoping for hasn't started yet.

I agree that the market is still showing strong bullish signs. Yesterday temporary price correction was clearly influenced by the Fed decision not to cut interest rates. Meanwhile, anyone planning to adopt Bitcoin for short term purposes at this time should consider carefully. However, this doesn't apply to those holding it for long term goals.