For almost a week now, we have been seeing the Bitcoin market moving downwards, and it is still in a downward trend. I thought maybe Bitcoin would touch $130k this month, but given the current market conditions it is not possible this month. Although in August when Bitcoin price was able to create a new ATH, the market touched $124k+ which is the highest in history.
I can see that the market went to this position a week ago, but since the new ATH was created, the Bitcoin market has been continuously decreasing. There has been volatility in the market, and it is still there, the way the market is going down it seems that there is a possibility of more dumping.
Do you think the market will be dumping for a long time, or the market has fallen for military time?
Yes, it is true that although the price of Bitcoin reached $124k earlier this month, it later moved downwards. But it fell so much that it is needless to say that the price of Bitcoin yesterday was $109k. I did not expect this price in this season. But I was surprised to see the market today because the price has increased relatively a lot today. Now the current price of Bitcoin is $112k which is very good. But when I saw the price drop, I had given up hope that the price of Bitcoin would not reach $130k in August but now the price is increasing at such a rate that it seems that it can reach this month although I cannot say for sure. But we can definitely expect it because if you notice, you will see that the price of Bitcoin has increased a lot in a day. The way the market was moving downwards, I thought that the market would not move upwards again this month but now we see the market is moving upwards. Now we can expect that if the price of Bitcoin does not reach $130k this month, it will definitely reach it next month.I can see that the market went to this position a week ago, but since the new ATH was created, the Bitcoin market has been continuously decreasing. There has been volatility in the market, and it is still there, the way the market is going down it seems that there is a possibility of more dumping.
Do you think the market will be dumping for a long time, or the market has fallen for military time?