Quote from: Miles2006 on August 08, 2025, 11:06:09 AM

Quote from: Danica22 on August 08, 2025, 02:46:15 AM

Quote from: Marykeller on August 07, 2025, 10:08:53 PM

Don't you think that Bitcoin might cross the ATH of $123k that happened last month since there are many remaining days in August for Bitcoin to give another round of uptrend movement in price

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.

Past event can’t always determine what will happen next, predicting if bitcoin price will surpass the present ATH this month can be difficult well we might not know viewing the market price is on the good side definitely it might go beyond or even less. Currently bitcoin price is at $116k range, it’s actually a good one knowing how the price can just rise in few hours at anytime besides August is still early possibly the history will be different.

Or maybe we should just look at the bigger picture so that we won't be nervous when the price dip? Just like when the price goes down to $113k, many thinks that we will go down to $110k because of uncertainty. But then again, we have bounce back already to $116k and so that kind of short term prediction has been invalidated. So we start to the drawing board and see what the future ahead. However, for long term investor, it doesn't make sense unless you are short day trader or just trying to take advantage of this kind of mild swings to squeeze some profit. Not saying that it's bad to make prediction in short term or even monthly. Nevertheless, it's really hard to predict where the price is going to be in short time frames.