Bitcoin price predictions for August.

[Lucius]

The level of optimism about the price has completely changed in the past hours, and while some were expecting $60,000 as a minimum, we are now hearing about $40,000.
We need something very good during this month or it is unlikely to see green candles.

Optimism is very easy to destroy, especially when you have a mass of people who expect something at the wrong moment - and the whole world happens to be in trouble because of a one-day crisis on the Japanese market. If you were to look at social networks and forums, you could certainly find people talking about the price of $40k, but also those who think the price will go even lower - and on the other hand, you will also find those who think this is just the beginning of a big bull run.

As ugly as it seems, it's actually a good thing that the price dropped, because it turned out that it recovered very quickly because some people took advantage of the opportunity and bought extremely cheaply.

Everyone, be patient and wait for Q4, because if something big is going to happen, it will probably be then or at the beginning of next year.

[summonerrk]

I think that even though the price is tasty, because I myself bought twice at 62k and submitted at 69k, but now this is a downward trend. And Bitcoin will be below 45k. Yes, it is hard to believe, because at the bottom it seems that there will never be growth, but vice versa.
I just judge by the upward trend, which has already been tested 2 times.

[Ricardo11]

Many expect to see Bitcoin 70k or 75k+ by this August. I am one of them. I also think it will cross 70k atleast by this month. Now let's see what happens, we can't say anything with 100% guarantee, just shared my guess. Let's see how similar it is to our guess.

[Gurujebs]

Many expect to see Bitcoin 70k or 75k+ by this August. I am one of them. I also think it will cross 70k atleast by this month. Now let's see what happens, we can't say anything with 100% guarantee, just shared my guess. Let's see how similar it is to our guess.

What are the metrics you are looking to see Bitcoin around such price because this crash wasn't as a result of bear or bull stuff. There is a global effects on traditional stocks in many countries and for that reason, you don't expect Bitcoin to move against them when it's obvious that Bitcoin is too coreleted with US stock market and the rest.


I'm thinking that we are going to test $45k again which is going to be our short term support before we set foot on $84k region once again but that's not happening until traditional market FUD has calm down.

[Captain Corporate]

Its already recovering like crazy, we are at around 60k already, and yet people doubted it, like any other time. This is getting funny at this point, whenever it crashes and there are people who doubt it, I find that to be hilarious, like for real how do you think that it will not recover after seeing it recover a million times already? Why did people even doubted it to start with, what proof did they have about the fact that it would not recover? We knew that it would recover and it was a known and historical fact because anytime it went down like this, it recovered, and this time it did the same, so we are back up again, and will be up even more.

[Lucius]

What are the metrics you are looking to see Bitcoin around such price because this crash wasn't as a result of bear or bull stuff. There is a global effects on traditional stocks in many countries and for that reason, you don't expect Bitcoin to move against them when it's obvious that Bitcoin is too coreleted with US stock market and the rest.
~snip~

The market was shaken by the historic decline of the Japanese stock market index, but the very next day the situation returned to normal, and the price of BTC went from a minimum of $49k to $62k already today - but of course, we should expect constant corrections now, considering that many will try to achieve short term profit.

If the price of BTC continues to rise at the current rate, I don't see why it wouldn't reach $70k in a week.

[milewilda]

Its already recovering like crazy, we are at around 60k already, and yet people doubted it, like any other time. This is getting funny at this point, whenever it crashes and there are people who doubt it, I find that to be hilarious, like for real how do you think that it will not recover after seeing it recover a million times already? Why did people even doubted it to start with, what proof did they have about the fact that it would not recover? We knew that it would recover and it was a known and historical fact because anytime it went down like this, it recovered, and this time it did the same, so we are back up again, and will be up even more.

Thats what make it hard on trying out to chase up whenever on what the trend you are seeing in front of you. This is why the key on here is you do already know on how to make up those entries and exits on the time that the market would really be having that kind of volality. Pretty sure that tons of people had considered out that the price might be going below on 42-48k on that particular condition but the price held up strong and now making up some bounceback and did make out some recovery. Althoug we arent that reaching 70k atm but at least to those people who do took
up some risks on buying into those low levels are really that making up some profits now.

[philipma1957]

I think we are simply going to sit in a range of 48k to 72k for all of August and Sept.

If we leave it it will be mid october

[armanda90]

Good progress for bitcoin in this month after dropping to $49k and take faster recovery return above $62k although current price not stable yet and bitcoin recently still defend above $60k.
Optimistic with easily for bitcoin reach higher price after dumping drastically but its not take longer time for bitcoin get recovery and return back to higher price.
I think has possibility for August, bitcoin will hit higher price if not any bad news any more and keep updating good news how to make many people excited for holding bitcoin than get panic moment to sell their bitcoin assets after getting many bad news.

[UNIVERSE]

Many expect to see Bitcoin 70k or 75k+ by this August. I am one of them. I also think it will cross 70k atleast by this month. Now let's see what happens, we can't say anything with 100% guarantee, just shared my guess. Let's see how similar it is to our guess.

What is the reason to reach $70k - $75k in this month? Unless we have great news that can trigger the new pump, I am quite doubtful we reach $70k again in this month. I predict the price will still be below $65k until September. We have more bad news than good news recently, this even leads to lower prices or a sideways. I think to expect the Bitcoin price above $70k should be after September. Let's hope we have another big pump in October, November, and December.

[sampoerna]

Good progress for bitcoin in this month after dropping to $49k and take faster recovery return above $62k although current price not stable yet and bitcoin recently still defend above $60k.

Bitcoin's rise after its very hard crash a week ago was indeed quite noticeable, especially for people who played in the short term and took advantage of the moment. So the price difference is already very drastic compared to the current Bitcoin price.

Just look at the graph, this is an extraordinary difference for 1 week.

Taken from https://coinmarketcap.com/currencies/bitcoin/

[Jating]

Happy new month to you all and from the topic it is clear what this thread is all about. I want to hear what are your speculations of bitcoin price this month. Will it be that we will see bitcoin at 70k price and above by the end of August or we will still see the price being 60k-ish.

I will go first, the month of August might be a month for bitcoin price to reach 70k and above but with the way the price is flaunting, I can't tell if the price will be at 70k or above without correction. We have seen it last week when the price reached 70k but corrected back to 64k as I am typing this post.

Very hard to predict, but I will say that we might be just above $60k for this month. Historically, August is a bad month for Bitcoin, and currently we are -9.xx% down from last month. And we all know that prices are somewhat affected by the geo-political happenings around the world and we all know that there are still conflicts in the Middle East that might impact the price negatively. Although we have recovered from sub $50k, the current price right now is $58k. So I would be surprised to see if the price is going to reach $70k as you predicted. But for me, my prediction might be bearish.

[|MINER|]

Very hard to predict, but I will say that we might be just above $60k for this month. Historically, August is a bad month for Bitcoin, and currently we are -9.xx% down from last month. And we all know that prices are somewhat affected by the geo-political happenings around the world and we all know that there are still conflicts in the Middle East that might impact the price negatively. Although we have recovered from sub $50k, the current price right now is $58k. So I would be surprised to see if the price is going to reach $70k as you predicted. But for me, my prediction might be bearish.

Or may be less to the 60k on this month or around of 60k in this month?
But I don't see anything worried on that and there is no need to so hurry because if we look back to the previous history of bull-season then we will see that bitcoin price down after the halving for making the market corrections and after the around one year later we see the real bull season on the market so I am also hoping these kind of seen also happened in this season also although it's not guaranteed, But I hope so. So August month couldn't be chance of adopting month.

[Asiska02]

I will go first, the month of August might be a month for bitcoin price to reach 70k and above but with the way the price is flaunting, I can't tell if the price will be at 70k or above without correction. We have seen it last week when the price reached 70k but corrected back to 64k as I am typing this post.

We are almost halfway into the month of August and no significant changes have occurred in the price of bitcoin. It is today trading below 60K. Any move that will make it rise above the $70K level before the end of the month will have to be a very big news that will impact that force and move, so I haven’t seen any possibility yet or any incoming news that will impact such a change in the market. So, I will conclude that without any news, it’ll continue trading below $70K and if there’s any that’s accompanied with big impact, it’ll definitely make it trade above $70K.

$70,000 is not a target peak, but approaching $72,000 several times is an indication that a new All time high will be soon, but this is not expected soon, and therefore the price is not expected to be close to $70,000. The price may be between $65,000 and $55,000.

I see your prediction as more accurate because bitcoin market seems not to cross the peak yet and any move that will make it cross that mark indicates a new all time high coming soon. We could possibly end the month in the range you’ve predicted and that won’t be a surprise either.

[Crypto Library]

We are almost halfway into the month of August and no significant changes have occurred in the price of bitcoin. It is today trading below 60K. Any move that will make it rise above the $70K level before the end of the month will have to be a very big news that will impact that force and move, so I haven’t seen any possibility yet or any incoming news that will impact such a change in the market. So, I will conclude that without any news, it’ll continue trading below $70K and if there’s any that’s accompanied with big impact, it’ll definitely make it trade above $70K.

Alright I'm not expecting much before crossing the half of the August month because if we saw the bitcoin candles in 1day then we will see the previous month have kind of same scenario like the month starting with a bad start and then when gradually market increase after the half of the month and if we want to see the monthly all time high price then we have to wait till the 24th August or around of it.