After the end of July, we entered August and started to go into the red. At the beginning of August, Bitcoin was dumping and came close to $111,000. At the beginning of August, it seemed that Bitcoin would dump more and could take a position at $100,000 but we saw Bitcoin go into a recovery again and went above $115,000 so now the market is back in the green. However, I think the Bitcoin market will stay in the green in August and create a new one.
Bitcoin and the way it started the month of August was very unexpected, and I also woke up this morning to meet the market in a surprising state, moving from $115k, which I last saw it at, to $122k, which was its 24-hour high, and now down to $118k, and the candle still shows signs of increase, which means we might still likely break into a new all-time high before the month comes to an end. We just have to be hopeful but not get disappointed if it don't happen.
The back and forth that we experienced lately really cast uncertainties into many speculators analysis but that $122k actually restored hope that it's not yet over and Bitcoin can yet reach more ATH in this season. I consider August, a bullish month and I look forward to seeing it finish with a reasonable ATH to prepare us for more ATH that can target between $170k and ultimately $200k, that would be mind-blowing because it is the peak of many analysts predictions. What we need are more positive fundamentals to achieve more ATH, we will wait and see how it goes.