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?
Your prediction happens to turn into reality. Just yesterday, we saw a spontaneous increase in the price of bitcoin that saw it cross over $120K after a long time being away trading from that point. August is actually a time to buy more and accumulate more bitcoin.
In this month, we have seen bitcoin go as low as $112K and still able to bounce back to $122K yesterday after consolidating away from that price in a decline trend. So many investors may not have taken the opportunity to buy more when the price dropped, most of them already felt the market was in a bull run and any setback will be a trap for them to buy, so they just let it be and not peddle in that to buy more.
I am still very optimistic of the market and that it will achieve more uptrend in the coming days but since August is not over, we may still experience some decline along the process. The Bitcoin bull run is still active and this month of August isn’t an indication that the bull run is coming to an end.