We saw the Bitcoin price increase the most last July, and it created a new ATH, where the Bitcoin price entered $123k, the highest in Bitcoin history. We then saw a big drop in Bitcoin where the Bitcoin price came down from $123k to $112k, although the market has entered a little higher at the moment and is currently at $114k.
So I guess that maybe the Bitcoin price is more likely to enter $130k by this August, what are your thoughts?
As one who’s been stacking sats and still adding more to my portfolio, it'll actually excite me to see Bitcoin hit $130k before the end of August. However, the truth is August has a reputation for being a slow month in the crypto market so while the excitement is there, we also need to be realistic with our analysis.
$118k has been acting as a strong resistance recently. If Bitcoin can break and hold above that level, then hitting a new ATH and pushing towards $130k becomes very possible. Until then, I’m staying focused, stacking patiently while watching the charts closely.