We saw the Bitcoin price increase the most last July, and it created a new ATH, where the Bitcoin price entered $123k, the highest in Bitcoin history. We then saw a big drop in Bitcoin where the Bitcoin price came down from $123k to $112k, although the market has entered a little higher at the moment and is currently at $114k.
So I guess that maybe the Bitcoin price is more likely to enter $130k by this August, what are your thoughts?
There is only one week left until the end of August, but we can see that the Bitcoin market is not currently positive, but it has fallen a lot. When the price of Bitcoin exceeded $124k in the middle of this month, many thought that it might break $130k, but this was not possible, rather the market has been in a downward trend since then.
However, we understand that according to the current market situation, the market is likely to fall below $110k. However, there is a possibility of the market increasing in the coming month, however, since the market has seen a lot of decline in the past few days, it will definitely rise again.
I think it will take some time for the Bitcoin price to create a new ATH because the market is still in a breakdown, and besides, the volatility is very high now.