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.
The market is looking very volatile right now. The market is showing big changes in just a few moments. According to previous statistics, August is not a positive month for Bitcoin. There have been very few times in August when the market has been able to turn on the green light. Although I did not expect any new ATH this month, it happened.
It is now very difficult for me to predict the month of August, as the market is seeing a lot of movement and it is on a large scale. Maybe this August we will see a big ATH or we may face a big dump.
August is always a month that Bitcoin build up liquidity that triggers it December market craze that have always been the event, I agree that Bitcoin used to get a bit slow in August, just like what we have seen since the beginning of this month, not that it performed badly but at least the market is a bit in a correction phase that have hold the market down for so long.