August is always bearish for Bitcoin and the market in general, however the possibility that this time could be different is on the table and can't be ruled out, the last price action is upon us and many will be dissapointed because they expect price to keep going up.
I don't think this august will be like other past august that attracted bear run in the month of august, because there is no sign that there will be bear run in this month.The price has dump to $118k which is still good for investors to sell to make profit and even though they don't want to sell in this current price, the price will still going to pump higher before the end of august.
The investors that will be disappointed in this month are those that will be expecting the bear run to begin before the end of august, which it will not going to happen according to my statistics in this current price in the market. September will be the season bear run will showcase fully to allow buyers to start buying and hope you better future.
Since ETF is here and institution adoption doesn't look like it's stopping they exeoct Bitcoin to keep going up and never down, this cycle will teach people that things are always the same with Bitcoin, it's volatility side can't be ruled out ever.
No amount of money can save Bitcoin from going into a bear market again after all this run is done, sooner you will start heating that a big company collapse, the closest company that can play the luna collapse again is Circle, too many red flag with that one.
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