72 , are we going to break 75k at last?

[UNIVERSE]

if we don’t see an increase as early as september i have no doubt that before the year ends we are going to see the market in green some even say the price might reach a new ath before the year ends some are more hopeful and expects bitcoin to reach 100k before the year ends

I think we won't see a significant increase in Bitcoin price until October. According to the history of monthly returns of Bitcoin, August and September are red market. We already experienced this many times in the past, so we can clearly guess that in the next 2 months are red market. But in November and December, we expect the price can increase high again. I assume Bitcoin can have a new ATH, it may be above $80k. To reach $100k, I'm not really sure it is possible to be achieved in this year.

[pawel7777]

I think we won't see a significant increase in Bitcoin price until October. According to the history of monthly returns of Bitcoin, August and September are red market. (...)

I think you might be right, but, at the same time, I wouldn't be putting too much weight on the monthly return records. They are simply not very strong indicators. The price action doesn't quite follow the yearly patterns, but rather the 4-year ones related to halvings.
But price increase in October/November would be in line with both, the historical monthly returns stats and the 4 year cycle trend, so I'm optimistic for the end of the year.

[debra]

I don't sure bitcoin will drop above $55k after have bad news about Israel and Iran even though Mt Gox refunded assets for their creditor have been success last several days ago.
I can't believe after Germany government sold their bitcoin still have another bad news and make people panic until bitcoin dropping lower price yesterday dropped to $62k.

In fact, it finally could drop below $55k, it was even below $50k. We saw the price of Bitcoin around $49k in August 05. Not sure which news that lead this very big dump but I think all the bad news might trigger the drop. Well, many people panic at that time, there were people who might sell their Bitcoin for losses at that time. But I prefer to hold my Bitcoin. 

Looking how bitcoin easily get correction and difficult break higher price, seems too far expected with bitcoin will break above $72k or make new ATH price in this month, need waiting until the end of this year how possibility with bitcoin reach new ATH or  can break out above $72k.

It is normal if it is easily decreasing its price because we have too many FUDs and we are in the red months (considering the history of BTC monthly return every year). I agree we won't pass $72 in the near future. Bitcoin price will still be below $70k until October. We may have another pump in November.

[MUGNIA]

Looking how bitcoin easily get correction and difficult break higher price, seems too far expected with bitcoin will break above $72k or make new ATH price in this month, need waiting until the end of this year how possibility with bitcoin reach new ATH or  can break out above $72k.

It is normal if it is easily decreasing its price because we have too many FUDs and we are in the red months (considering the history of BTC monthly return every year). I agree we won't pass $72 in the near future. Bitcoin price will still be below $70k until October. We may have another pump in November.

when fud comes out the price of btc will quickly decrease but it's true that we have to be patient if btc can reach 72k$ or even more if the time is right, sometimes fud also gives us the opportunity to add loads so we can get maximum profits

[debra]

when fud comes out the price of btc will quickly decrease but it's true that we have to be patient if btc can reach 72k$ or even more if the time is right, sometimes fud also gives us the opportunity to add loads so we can get maximum profits

Currently, the news easily influences the price of Bitcoin. When there is bad news, the price of Bitcoin to drop immediately. Unfortunately, sometimes when we have good news, the price seems hard to increase massively. It makes me quite annoying with the current price movement.

If there is still too many bad news, it is difficult to cross $70k again, there will be no chance to be $72k soon. Sure, it is the chance to buy more Bitcoin but I have spent most of my funds. I have no enough money to buy again, I can't buy more Bitcoin although the price is still cheap now.

[pawel7777]

Currently, the news easily influences the price of Bitcoin. When there is bad news, the price of Bitcoin to drop immediately. Unfortunately, sometimes when we have good news, the price seems hard to increase massively. It makes me quite annoying with the current price movement.

I don't think the price action is as much news-driven as it was in the past.
Now, when Bitcoin spot ETFs are approved, there's no risk of Bitcoin being declared illegal, which is something that many people feared the most in the early years, and any rumours of that sort could tank the price instantly.
Price is much more dependent on the traditional markets and on interest rates rather than on just news.

[Captain Corporate]

Looks like we are not going to end up being that great at what we do, its taking a bit of a time and I feel like its going to be a bit harder to handle. We need to remember that it is going to be difficult to reach to 70k again, and let alone break the all time high price with it. I am not saying that it is impossible but it is definitely not an easy task. We are looking like far away fro there, and I think e need to wait a bit more. I think in a few months we will be there, too many people hope for it to happen quickly but unfortunately it may not happen within the next couple of weeks, we need to wait.

[bounceback]

Looks like we are not going to end up being that great at what we do, its taking a bit of a time and I feel like its going to be a bit harder to handle. We need to remember that it is going to be difficult to reach to 70k again, and let alone break the all time high price with it. I am not saying that it is impossible but it is definitely not an easy task. We are looking like far away fro there, and I think e need to wait a bit more. I think in a few months we will be there, too many people hope for it to happen quickly but unfortunately it may not happen within the next couple of weeks, we need to wait.

Going harder for bitcoin how to break above $70k after several time get failure and bitcoin going down to $60k, I don't know how many months later needed for bitcoin recovery to higher price since five months later after halving but bitcoin get difficult break out.
However nothing impossible in cryptocurrency and possibility for bitcoin reach higher price in short term but my prediction seems taken longer time for bitcoin get recovery or break higher price. Since April last several moths ago bitcoin hit new ATH we can't get any good news for possibility make new ATH again.

[UNIVERSE]

I think you might be right, but, at the same time, I wouldn't be putting too much weight on the monthly return records. They are simply not very strong indicators. The price action doesn't quite follow the yearly patterns, but rather the 4-year ones related to halvings.
But price increase in October/November would be in line with both, the historical monthly returns stats and the 4 year cycle trend, so I'm optimistic for the end of the year.

Of course the data of BTC monthly return only showed us the price history in the past. There is no guarantee to repeat in the future. But seeing the pattern always repeated several time in the past, I think it can be a consideration for our prediction. Moreover, you must know well the current market trend looks not really convincing for big pump. So, the price of Bitcoin won't move significantly in the near future. So, I am sure we may not see Bitcoin to return above $70k again in August-September of 2024. But it is just a prediction, it can be wrong. 

[Mr. Magkaisa]

if we don’t see an increase as early as september i have no doubt that before the year ends we are going to see the market in green some even say the price might reach a new ath before the year ends some are more hopeful and expects bitcoin to reach 100k before the year ends

I think we won't see a significant increase in Bitcoin price until October. According to the history of monthly returns of Bitcoin, August and September are red market. We already experienced this many times in the past, so we can clearly guess that in the next 2 months are red market. But in November and December, we expect the price can increase high again. I assume Bitcoin can have a new ATH, it may be above $80k. To reach $100k, I'm not really sure it is possible to be achieved in this year.

       -        Others say that this month of August is the worst nightmare season in Bitcoin because what others think or think that its price will continue to rise in the market is just a misconception that usually ends up in unpredictable price speculation.

So it's usually difficult to determine where or what direction it will take in the market, so if anyone doesn't want to be stressed, they should be long-term holders; this is the best thing to do.

[pawel7777]

The move from $58k to $64k looked so easy that I was starting to think we could break the $70k by the end of the month, but we're back below $60k.
So far we're at -8.32% return for August which is slightly below the median of -7.91% per https://www.coinglass.com/today.
Back to the waiting game it is then. We might need to wait till October/November to see some action.

[UNIVERSE]

Others say that this month of August is the worst nightmare season in Bitcoin because what others think or think that its price will continue to rise in the market is just a misconception that usually ends up in unpredictable price speculation.

So it's usually difficult to determine where or what direction it will take in the market, so if anyone doesn't want to be stressed, they should be long-term holders; this is the best thing to do.

It is the same as me. I also said that August is the time for red market. You can see there is no big increase in Bitcoin price in this month. Now, the price even dropped below $60k. The price of Bitcoin is struggling around $58k - $59k, it seems to have the same condition in the next month. It may be difficult to determine the price or market trend, but we can learn the price history. It is not wrong to make a prediction.