I haven't seen any threads about Bitcoin price predictions for August. Historically, Bitcoin has generally performed less positively, or always experienced a decline in August compared to July. However, I've noticed a downward trend in the last few days of August, with Bitcoin reaching $112,600 and now dropping back to $116,400, which I believe is still a healthy decline and nothing to worry about. Historically, August is the best month to buy or accumulate more Bitcoin and shouldn't be missed. I personally predict Bitcoin will return to $120,000 by the end of August, with the price likely hovering between $114,000 and $120,000 throughout August. And this is just my speculation, what about yours?
I am starting to believe that with the historical move of Bitcoin every July, it has not always been good, but hopeful for this August, and it didn't disappoint. We've been back to $121k, but it's dropping fast as well, though. It's okay to see it drop like that because of how fast it had moved up. And you're right about looking at these declines as a healthy one, it has to happen for Bitcoin to have some space again and fuel its way back to the top. But if you're saying that specifically August is the best month for us to accumulate, I might disagree because if you're a long term guy, it should have always been a good time to do it regardless of month.