I am very optimistic about Bitcoin in the future, not only in August month this year but in many more years in the future. It's bullish future as the world has been changing and becoming more ready to accept Bitcoin
In the long run, bitcoin price will always increase along with gold, stocks because inflation will get worse.
But in the short and medium term, there will be fluctuations and there will be dumps, and it depends on each investor. Some people will see this as a bad thing and sell their bitcoins, but there are others who will take advantage of it to accumulate more bitcoins.
but of course, there is no free lunch. Together with bigger adoption on Bitcoin, there have been more regulations from governments but it wont' stop Bitcoin adoption or kill Bitcoin.
Predictions are hard to be made correctly but there are figures from Bitcoin price history that can be used by anyone who has love in making price predictions.
Everything has its price and that is the price we have to pay for bitcoin to become more legitimate, more popular and increase in value.
Furthermore, most of us are here primarily for the profit, not for the freedom and privacy that bitcoin offers. So, people will be willing to trade off and not care much what the government does as long as the price of bitcoin goes up and they make a profit.