Not only OP but many members are also not optimistic about this month because they think August is not a favorable month for bitcoin. They look at history and think it might repeat itself this year, and while that's not entirely wrong, I don't think it's entirely right. Because each year the market will go through different impacts and stages, we cannot completely rely on the past to judge the future.

This year we have had huge flows from ETFs, a pro-bitcoin president and administration. More importantly, we are in a bull market (4-year cycle), so there is nothing to be pessimistic about right now.

Bitcoin hit $117k following news that Trump signed an executive order paving the way for 401(k) retirement accounts to invest in bitcoin and crypto. Therefore, I think it is not difficult to reclaim $123k in the coming days or will reach a higher ATH.