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?
Although we saw Bitcoin's highest momentum in July, in August we saw it break that July high and set a new record again where it reached $124,400. But I thought then that maybe Bitcoin's price will exceed $130,000 this August because the way the price rose, that was exactly the hope and analysis that came to mind. But now the price has started dumping a lot and right now it seems that Bitcoin has reached $109,000 but it is not clear in which direction Bitcoin is moving at the moment. The dumping trend shows that there may be more dumping. But if the dumping continues like this, then I don't think Bitcoin will reach $130,000 in August.
Yes, because after Bitcoin reached $124,000, and if it were predicted to reach $130,000 in August, that would be very possible and plausible, as Bitcoin only needed $6,000 to reach that price.
However, Bitcoin's price continued to decline towards the end of August, currently reaching $109,000. If this decline continues, the next price will likely reach $107,000. Predicting Bitcoin's price is difficult because of the many factors that can influence it, but I remain optimistic that Bitcoin can return to $119,000 by the end of August.