When the Bitcoin price closed red for the month of August, most of the people did not expected this because in the first 10 to 15 days the Bitcoin made in another all time high and everyone was thinking that this month will be closed green but we had some bearish sentiments in the latter part of the August.
Why? If you look at this period historically, the one ending August and starting September it is almost always bearish. So why expect something different based on a few days of positive price action?