I haven't seen any threads about Bitcoin price predictions for August. Historically, Bitcoin has generally performed less positively, or always experienced a decline in August compared to July. However, I've noticed a downward trend in the last few days of August, with Bitcoin reaching $112,600 and now dropping back to $116,400, which I believe is still a healthy decline and nothing to worry about. Historically, August is the best month to buy or accumulate more Bitcoin and shouldn't be missed. I personally predict Bitcoin will return to $120,000 by the end of August, with the price likely hovering between $114,000 and $120,000 throughout August. And this is just my speculation, what about yours?
Well it's obvious that the speculated price of August ending didn't work as expected, BTC is even struggling to reach $110k to $111k but I think there will be a good move this month of September, let keep accumulating and expecting a Surg in price, since we still have a long way to go. This is just the early days of Bitcoin compeard to what it will look like in the future, so let try as much as possible to fully Concentrate by taking advantage of this opportunity and buy in bulk than always speculating.
Yes you are right we saw that the price of Bitcoin reached $124k this month but we expected it to increase again but the opposite happened. Currently the price of Bitcoin is in a downtrend and is between $112k or $111k but I don't know how much it will increase this month. But we hope that if the price of Bitcoin does not increase this month as much as we expect then we can definitely expect the highest next month. But I think the price of Bitcoin will be higher in September than this month.