2 weeks to the end of August what do you think

[KingsDen]

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.

I have been so busy in real life to the extent that I could not even be able to check the Bitcoin price. Honestly the month of August did not do well for us in this bitcoin industry. I am at total loss in my portfolio and I don't know when this trend will reverse. Everything is just not as expected. There is a lot of tension and skepticism in the market right now. Some people are saying that bull run has come and gone while majority  is confident that the major bullrun is yet to come. Well, I do not think that this month has another suprise for us. Things will remain indifferent.

[salad daging]

No one knows in the next two weeks whether bitcoin will remain stagnant or will experience an increase but as far as I know it seems that bitcoin will not experience a significant increase, it could be that my speculation is wrong.

Given that this month has experienced a severe decline that can only recover to the price of $60K so this will not soar to $70K but for the next month we need to think about predictions again.

[electronicash]

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.

there is a possibility  that price will once again dip to that $49000 again in the next 2 weeks and Sept will start green half a month and the next half will be red again. we patterns all the time in the market and sometimes it becomes predictable yet not very predictable.

maybe this is why the price weren't dumped much. people are hopeful that price will go up to $100k this year, can;t blame them when BTC is is hyped already by presidential nominees.

[robelneo]

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

You can join the discussion.

Its more like a roller coaster ride. We started the month of August where Bitcoin is at $65 and after a few days it dropped to $53, This is how volatile the market is, what you expected will not happen and what you don't expect to happen will happen.
right now Bitctoin is struggling to get back to its August highest price. hopefully Bitcoin will recover before the end of the month and September is the start of something great for Bitcoin.

[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))

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.

Yes, you are right, but I will tell you that DCA works only for those who clearly understand how to use it and are not prone to panic, plus DCA is only suitable for those who have a better income and a person can afford to freeze an indefinite amount of money for several years, 3-5 years minimum, such people are usually few and far between and everyone who comes to cryptocurrency wants to get a super profit very quickly and preferably within a year without doing anything and when they use DCA, in the end, after a year, they can even see a minus in the dollar balance and not a profit and sell everything.

[Hamza2424]

It's still 2 months left, haha I won't be surprised if the market shakes the holders once more, the market was around the 65k price range when August started and there was a massive dump to almost 48k and after that, we all know the market is making recover and again dropping to 55k level and so on. TBH in my view august might close in positive haha after this whole mess of volatility.

[alltalk]

~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.

September may be a better month for Bitcoin but I think there is still no huge pump in Bitcoin price. Bitcoin price may try to stay above $60k in September but I'm still very doubtful if Bitcoin will cross its ATH ($73k). For the remaining days of this month, I agree that there is a small chance to see a significant change in Bitcoin price.

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?

Of course, there is always a chance that Bitcoin can go higher. The current price is $59k, Bitcoin price may be above $60k in the next few days. However, I think we are still not in the right time to have another new ATH. IMO, Bitcoin price still stays below $70k until the next month.

[Mr. Magkaisa]

        -       As far as I can see, the month of August is like a sea with calm waves, as if the price of Bitcoin does not move much. It seems that the whole month of August is a period of consolidation.

That length of time will also be good when the Bitcoin price starts to rise in the market, and I am pretty sure that many will chase it, but they will have a hard time chasing it at the price of Bitcoin until they are forced to buy even though the price has gradually increased.

[JoyMarsha]

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

Who will even know what the remaining days of August end will be like if Bitcoin would stay stagnant at a price range of $58k-$60k or moves between $62k above? Whichever price it chooses, I believe the opportunity to buy more Bitcoin through the DCA strategy never stops.

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

That's what nobody can ascertain to, other than buy and hodl Bitcoin till when you feel like selling some part of your Bitcoin for profits

[Rubel007]

It's still 2 months left, haha I won't be surprised if the market shakes the holders once more, the market was around the 65k price range when August started and there was a massive dump to almost 48k and after that, we all know the market is making recover and again dropping to 55k level and so on. TBH in my view august might close in positive haha after this whole mess of volatility.

The first day of August saw a favorable situation for Bitcoin, but within a few days, it again fell. In the past few months Bitcoin hit lows but managed to recover. There is still about 1 week more days left of this month. It is highly likely that there will be no major changes. But I can expect Bitcoin to stay above $62k until the end of August. Although the market is slightly bearish due to cell pressure but it may recover soon.

[EluguHcman]

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

That is an error in being sighted as investors market sentiments, while we are overwhelmed that Bitcoin price is being so dull to be impressive for investors at this month of August, let us recall that the price of Bitcoin was sometimes below $35K and has gradually appreciated to this days of $60K maximum price after it has formally hitted $73K at ATH.

It really feels funny and devastating trying to manipulate the market to appreciate based on price Interests because buyers who are accumulating are taking chances at the current time.

[Dr.Bitcoin_Strange]

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.

August is almost finished and I don't think Bitcoin will increase in price again This august but I believe Bitcoin will grow or add in price again before this year will finish but it won't add that big, people were expecting Bitcoin to hit $100k this year I don't see it coming to pass this year but by next year Bitcoin will hit $100k, it is something that is already very close and I don't see why some people are still doubting, if you go through the history of Bitcoin you will know that truly Bitcoin will even grow more than $100k next the growth of Bitcoin is so wonderful and even when the government tried to stop it, it didn't work it was still growing bigger and better and they had no option but to accept it.
For me I don't see anything bad in August Bitcoin was in dip and now it has gone up again, we had a little bit of increase.

No month inside this year will make Bitcoin hit $100k so let's not hope on it, what will happen this remaining month in this year is dip and increase and next year there will be a great increase in Bitcoin.
I don't know why some people still don't believe Bitcoin will keep growing bigger and better someone said the other day that Bitcoin will fall to $30k very soon, this will never happen no dip in Bitcoin will reach that level again.

[Hisbullah]

        -       As far as I can see, the month of August is like a sea with calm waves, as if the price of Bitcoin does not move much. It seems that the whole month of August is a period of consolidation.

That length of time will also be good when the Bitcoin price starts to rise in the market, and I am pretty sure that many will chase it, but they will have a hard time chasing it at the price of Bitcoin until they are forced to buy even though the price has gradually increased.

Yes, it seems like bitcoin is struggling in August, having difficulty rising again approaching ATH. Some even predict that this will happen until October this year, I just wait and keep holding my coins while doing my business as a trader. Because the market is also not so good for getting a lot of profit but from daily trading I can get profit to add to my crypto assets.

August is almost finished and I don't think Bitcoin will increase in price again This august but I believe Bitcoin will grow or add in price again before this year will finish but it won't add that big, people were expecting Bitcoin to hit $100k this year I don't see it coming to pass this year but by next year Bitcoin will hit $100k,

Agree with you, it seems like the price of bitcoin will reach $100K next year, if it happens this year it will probably happen in November or December.

[0t3p0t]

Price this month is quite volatile and it plummeted that fast but also recovered quickly and seems we're staying on the sideways but let's wait for the last quarter of the year if something good will come since it is inevitable to change direction especially if somethig significant is happening so yeah better to observe the market.

[philipma1957]

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.

it could tank it could rally. long term say 2-4 years it should be over 100k.  shorter it is just a guess.  So I will guess it reaches 70k.

now the Ukraine vs Russia war had an interesting shift a few days ago maybe this will end that conflict which surely would move prices up.

Or maybe Putin says fuck this shit and nukes Ukraine which would surely tank everything.

https://www.reuters.com/world/europe/how-russia-looked-wrong-way-ukraine-invaded-2024-08-17/

I think this action in that war will be an important event this month and cause market shifts.