The price has corrected back to $117k. Let's see if the scheme that happened before will repeat again before Bitcoin finally reaches a new ATH, or if there will soon be a change in market movement with a deeper price decline.
The achievement of a new ATH does not seem to differ much from the previous ATH. We may not need to rush to see much higher prices. Hopefully, $130k can be reached to close this month.
The momentum that took it to $124 all time high wasn’t a huge momentum and that’s why we have a correction happening immediately after the ATH. I don’t usually understand why people easily get panic for a little drop, the market has a set support at $115k which doesn’t looks like it will actually break any moment now.
The market is well above it and it will continue. For the monthly price it is no strange that August in years like this are bullish so I still expect more ups to come for the remaining half of the month we might even break above $130k this month.