Bitcoin dropped to $110K today, after a temporary reversal following Jerome Powell speech last week. This drop was the lowest since Bitcoin hit a new all time high of $124K, but many remain optimistic that Bitcoin will reach $130K in August. If the Fed officially cuts interest rates in the future, the market will automatically recover, and it's very realistic that Bitcoin will reach $130K. Meanwhile, I think this decline is also a good opportunity to increase the portfolio size.
Yes, it definitely makes me wonder how the price of Bitcoin has been increasing in the past few days, the highest price of Bitcoin this month was $124k, which I am very surprised to see. But now its market has decreased, I am not sure yet how much the Bitcoin market will reach in August, but I expect that the Bitcoin market will be able to give a lot within this month. Since the Bitcoin market increased a few days ago, I can say that it will show a bull run again. But I expect that Bitcoin will start increasing again in this short time.