2 weeks to the end of August what do you think

[SmartGold01]

There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?

You can join the discussion.

[Charles-Tim]

Bitcoin fell below $49000 this month. But I can not say it is the worst month because the price increased back. You can see bitcoin above $58000 now. It got to this price in 3 previous months. Bitcoin got to $59200 after all-time high a month and 2 months after all-time high.

I do not know what bitcoin would be. But I do not think it can get below $50000 easily. In the next 2 to 3 months, I guess bitcoin price would have increased above $60000 again.

[Wiseman]

There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?

You can join the discussion.

For some people, for professional traders this is actually the best month)) since they earned both on the fall and on the rise and earned as much as for several months of trading, this is bad only for those who do not know how to trade or who urgently needed funds at the time of a strong fall,
The stock exchange is not a toy for ordinary people and as a rule they are carried out feet first)) because they think that they can earn there by watching just a couple of videos from some bloggers))

[famososMuertos]

You have to have "eyes" on the price edges, since your vision is not always correct. We have had worse months, and in fact they have been interesting weeks to be in acceptable profit margins.

That is the dilemma with those who do monthly or weekly Hodl, I mean if you were looking at this recent price range to trading, you surely wouldn't have to think...  when the next ATH will come. If you are in Hodl mode, the analysis periods cannot be weeks, never.

[bitterguy28]

but I believe we may not witness any significant price increase in this remaining 15 days.

i think so too but i also do not think it will go down too much past the lowest we have had this month but that is very hopeful thinking if it still goes down and it goes lower than 50k then a lot may start worrying

I want to know is there possibility to soar above this current price?

like you said we can never know for sure but i also do not think it can break past 70k at the end of the month all the increase in price we may see in the next few months already

[Zaguru12]

There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date,

No this is not the worst month this year even though the dump has been the dippest we have experienced but in terms of market open and close. This month opened at a $64k region and now it’s at $59k, although it dipped to $48k, which which is just a -6% dipped from the market open price and the market closed price. The worst month will be the month of April which had opened at $71k and close at $59k which is a -13% difference so it is clearly the worst month of the year. Even the month of June is almost same as that of August

[dekafee79]

There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date,

No this is not the worst month this year even though the dump has been the dippest we have experienced but in terms of market open and close. This month opened at a $64k region and now it’s at $59k, although it dipped to $48k, which which is just a -6% dipped from the market open price and the market closed price. The worst month will be the month of April which had opened at $71k and close at $59k which is a -13% difference so it is clearly the worst month of the year. Even the month of June is almost same as that of August

That's how we all see the volatility of bitcoin, you are right the worst month was April with a -13% drop finally bitcoin went up again. We don't have to think this will last long, because as far as I know we will see the price of bitcoin go up beyond the previous ATH after experiencing a sharp correction.

[Trongduy]

I believe the last two weeks of August will be highly favorable for the crypto market, with Bitcoin potentially reaching the $70,000 mark. As we move into September, positive news from the Federal Reserve, such as the first interest rate cuts, could boost the entire financial market. This would likely trigger Bitcoin's final wave of growth, which I anticipate will be nothing short of extraordinary.

[SmartGold01]

There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?

You can join the discussion.

For some people, for professional traders this is actually the best month)) since they earned both on the fall and on the rise and earned as much as for several months of trading, this is bad only for those who do not know how to trade or who urgently needed funds at the time of a strong fall,
The stock exchange is not a toy for ordinary people and as a rule they are carried out feet first)) because they think that they can earn there by watching just a couple of videos from some bloggers))

That's why it's advisable to do DCA for those who doesn't know how to utilize the market opportunities or trading the market, the best is to DCA'ing because as the market falls very sharp they could DCA with the available amounts with them when there is sharp recovery they could also make profits from their investment.
That's why it's not encouraging to have a one buy off where the investors could buy in large volume and still the market drop while they lose in their portfolio.

[Bobcrypto]

There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date,

No this is not the worst month this year even though the dump has been the dippest we have experienced but in terms of market open and close. This month opened at a $64k region and now it’s at $59k, although it dipped to $48k, which which is just a -6% dipped from the market open price and the market closed price. The worst month will be the month of April which had opened at $71k and close at $59k which is a -13% difference so it is clearly the worst month of the year. Even the month of June is almost same as that of August

As fa as crypto market price movements are concerned, there is no actually a bad month, many times the market go down coincidentally with the months and it is based on the demand and supply principles playing out. Again, there are also market makers (whales) that may want to control the market at certain times that may concide with a particular month.
Also, Bitcoin has its circle of movements or patterns; this patterns are being followed by analysist and forecasters.and they play out at any month. I do not follow months but the charts with both TA/FA that help me to determine the next bitcoin moves.

[Gurujebs]

There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?

You can join the discussion.

I'm bullish on Bitcoin in the month of September for one reason I know and that's is the release of CZ. He has always been there for the community and the community also has been there for him too, if there is an announcement of his release and specific date, his image will alone will give investors that crypto is in safe hands and if he want to cause another green big candle, a tweet from him is enough to do that because of his influence.

All this are temporary actually but it will go along way and there could be more hidden news that we don't know, it's possible more will come after his release. Who knows? Only Bitcoin can tell.

[Pastaral]

Bitcoin market has moved from 57.5K to pumping due to dumping which is currently at 59k.However,for a long time I have seen a big dumping when the Bitcoin market is pumping, so the way things are going right now after this dumping, it looks like there are a lot of good things to come which can be estimated to reach 70K.

[MrSpasybo]

I'm bullish on Bitcoin in the month of September for one reason I know and that's is the release of CZ. He has always been there for the community and the community also has been there for him too, if there is an announcement of his release and specific date, his image will alone will give investors that crypto is in safe hands and if he want to cause another green big candle, a tweet from him is enough to do that because of his influence.

All this are temporary actually but it will go along way and there could be more hidden news that we don't know, it's possible more will come after his release. Who knows? Only Bitcoin can tell.

Well, I'm also optimistic about BTC price in September but I don't think CZ return can have an immediate positive impact on the crypto market, if any, it's only on BNB price ^^

I'm referring to the end of the correction wave that BTC is going through, and September could be the first time the FED will cut interest rates after 2 consecutive years of increasing and keeping rates at a very high level. Lower interest rates could boost cash flow in the economy and the crypto market will also receive a positive impact.

For now, I think BTC will continue to move sideways in the last 2 weeks of August, I don't see any signs suggesting a sudden increase or decrease in the BTC price chart.

[LogitechMouse]

There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.

We're only halfway through the month, and if you will look at the current price movements, the worst month of the year for Bitcoin is during the month of April where price of Bitcoin ended up going down -14.76%. Right now, Bitcoin is down -8.15% month-to-date. We still have 2 weeks left and who knows. We might see Bitcoin going down even further (and can be the worst month), or the opposite might happen. Anyway, you can see the data here:
https://www.coinglass.com/today

But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?

You can join the discussion.

There's always a possibility and in fact, we believe that there's always a possibility for everything. One news might affect the price of Bitcoin, but we've seen Bitcoin's price moving up even though there aren't any news online or events that happened. Nevertheless, even though that Bitcoin will end up on the red candle this month, I'm still optimistic not only with Bitcoin, but the whole market as well.

[Jamal Aezaz]

Such a worst month can be profitable for many individuals who wants to make investments because the price fluctuates regularly which was suitable for both buying and selling based on a person's profit. The remaining weeks cannot be easily predicted because the crypto market is not stable and we can experience every sort of conditions from decrease to increase and from increase to increase.

News and whales can cause major changes in the price of Bitcoin so everyone is in desire to see a huge pump in coming days but who knows what the situation will be in coming hours or days. I think a better price will be there in coming months because it has been predicted that the year of 2025 will be a bull season.