Quote from: Minor Miner on Today at 01:36:44 AM

Quote from: Franctoshi on August 07, 2025, 11:07:52 PM

I can't specifically tell it's going to happen this August but the chances of this happening is way higher looking at how the price has previously reached 123k, $7000 is something that Bitcoin can do in just a day if reclaim back to 123k, the projection of this move is still 144k, no where the price is now we won't only do $130k but heading $144k -$150k price range in my opinion.

Bitcoin could hit $7,000 in a day, but it could also take months to get there. Like when bitcoin hit $109,000 in early february, but we had to wait until july to see bitcoin hit $123,000. As you can see, every scenario is possible and bitcoin does not move according to our or the crowd's expectations.

Of course, in the long run, target of $144,000 or $150,000 is inevitable, but $130,000 this month would be a big challenge and I don't think we can achieve it. Bitcoin just hit ATH last month, we cannot expect Bitcoin to go higher and hit its monthly ATH without correction and accumulation.

I think Bitcoin will reach $150K in the future, it's not impossible, even if it doesn't happen in August. If the Fed lowers interest rates at its next meeting in mid September, there's hope that Bitcoin price will continue to rise beyond its current all time high and eventually reach $150K. I think patience is key, and those adopting it for the long term won't be too concerned with price charts.

However, I'm somewhat optimistic Bitcoin reaching $130K or close to that level this August, considering the market is still showing bullish signs. An increase of around 11% seems quite realistic. Indeed, accumulation, particularly by institutions, certainly contributes significantly to faster price increases.