Bitcoin is about to have its biggest monthly gain since October 2021.

[Silberman]

After the start of a much-needed bullish relief this week, bitcoin and crypto are inching closer to getting the best monthly gain since October of 2021when we had the release of the first Futures ETF Bitcoin in the US. That's indeed some much-needed and appreciated relief we are getting right now after months of constant extreme fear and red candles.

How long we will continue to rally or how sustainable this rally is, is quite debate-able but we should just get a bit happy for the moment now, we don't get such times always in crypto and especially after the years past few months. Also, we are not having any significant planned economic event next month as there is no FOMC to raise rates. So we may have some space left on this rally…

I do not really see how you can be so bullish, the price is just ranging and going nowhere and this has been the case for weeks, before we see any kind of important upward movement the price needs to overcome the 25k resistance level, something that I do not think it is going to be easy as the political environment which we are experimenting is extremely negative so I doubt investors are going to be too eager to take any risk at the current time.

[el kaka22]

I do agree that it won't be an easy ask, it is going to take a while before we could see it get a big raise like that. I am not saying that we won't get an increase, we may, but just because we could doesn't mean that it will be something like that, it was a huge one back in those days, I am not expecting anything huge like that right now.

Maybe reach to 25k and even peak at 28k this month, it would be a great start of a bull run, and the month after that could be 32k or 35k and so forth, but not a huge increase in a single month, that’s now how bitcoin goes up. Look at all the previous bull runs and you will see that it takes about two months of going up steadily first before it could rise too much.

[buwaytress]

Many stocks are already pumping lots off their lows. What traders are thinking is that next months CPI print will be low and that implies we peaked. Since we peaked the fed won’t doing anything crazy like 1% rate hikes.

So the markets are calm. But there is still a long way to go. Too much tensions in the markets with what happened with Pelosi and Taiwan earlier this week. However it looks like maybe that was the bottom.

Yeah I think what has surprised me somewhat is how quickly a lot of analysts appear to have changed their minds just on the last few weeks of data coming out. See, a month ago the same numbers were already predicted (cpi and fed rates) and in fact actual figures were worse, and the thinking then was that it was a deep and long recession, and why we would still see a bottom as the reality would become more apparent.

Now they are thinking this is it. When nothing opposite of what was expected actually happened. Strange, no?

[ethereumhunter]

I think the rally will come back later after bitcoin gets another big support but we have to be patient to wait until the moment comes again. Currently, bitcoin is still trying to increase again after yesterday's fall but unfortunately, the current increase still can't make the price go up again so we are still waiting.

We can be grateful now that the price is back to the $23k level, although we are still far from that rally but at least this is a breath of fresh air for bitcoin and if the time comes, we can see that rally back.

[Coin_trader]

I think the rally will come back later after bitcoin gets another big support but we have to be patient to wait until the moment comes again. Currently, bitcoin is still trying to increase again after yesterday's fall but unfortunately, the current increase still can't make the price go up again so we are still waiting.

We can be grateful now that the price is back to the $23k level, although we are still far from that rally but at least this is a breath of fresh air for bitcoin and if the time comes, we can see that rally back.

The CPI rate will release on the newt few days which I believe the reason for the sudden weaken of the bulls. And also I definitely don’t believe that current rally is what everyone expecting that will put us on the new ATH because the economy is worsen due to many turmoils on globally. We should think realistic or else we might suffer a terrible loss like what happened on 2017 bull run. There’s also a relief like this when the price goes down to the bottom.

The current gain is not sufficient to conclude that we are already in bullrun because it needs more volume to overturn this kind of price trend and beat the ATH.

[Reatim]

I think the rally will come back later after bitcoin gets another big support but we have to be patient to wait until the moment comes again. Currently, bitcoin is still trying to increase again after yesterday's fall but unfortunately, the current increase still can't make the price go up again so we are still waiting.

We can be grateful now that the price is back to the $23k level, although we are still far from that rally but at least this is a breath of fresh air for bitcoin and if the time comes, we can see that rally back.

later? i'm not sure that it will come that soon mate , instead another year must move before this finally come as the speculation is that price will at least reach another good rally after the next halving of bitcoin that will happen in the next 3 years from now

[pooya87]

price will at least reach another good rally after the next halving of bitcoin that will happen in the next 3 years from now

There is only about 90k blocks left to the next halving which would take about 1 year and 9 months.
As for the rally, It will happen way before the halving since we already had the massive crash and the bear market and currently we are at the bottom in what looks like the accumulation phase. There really isn't that many options left other than rising.

[livingfree]

I think the rally will come back later after bitcoin gets another big support but we have to be patient to wait until the moment comes again. Currently, bitcoin is still trying to increase again after yesterday's fall but unfortunately, the current increase still can't make the price go up again so we are still waiting.

It's got already on a support and has overcome the bottom that we've seen on $17k.

We can be grateful now that the price is back to the $23k level, although we are still far from that rally but at least this is a breath of fresh air for bitcoin and if the time comes, we can see that rally back.

Yes, this is a better view than we see it stay for long under $20k. Bitcoin is imminent to rise and there's no other way where it will be heading. From the top to bottom and bottom to the?

Yes. Going to the top again.

There really isn't that many options left other than rising.

I agree.

[bots1]

No one knows for sure how long the rally in bitcoin and altcoin prices will continue. Even though the current bitcoin price is above $20k, but it's still under $25k. Even so, to go bullish, bitcoin must be able to pass the price area above $30k. Therefore, let's see if bitcoin is able to be bullish in the midst of the world's economic conditions that are not doing well.

[Dave1]

No one knows for sure how long the rally in bitcoin and altcoin prices will continue. Even though the current bitcoin price is above $20k, but it's still under $25k. Even so, to go bullish, bitcoin must be able to pass the price area above $30k. Therefore, let's see if bitcoin is able to be bullish in the midst of the world's economic conditions that are not doing well.

The rally has ended though, we are again back to $21k, when we thought that $25k can sustain its run, but majority of us are wrong. So forget about $30k for now, the short term price that we should target is still $25k, although we have breached it already, it's not that sustainable, which means that is going to be the psychological barrier as traders keeps on selling whenever we hit that price.

So no, we will not see the biggest monthly gain since October 2021, it's just pure hype but not enough momentum to push through this last couple of days before the end of this month.

[Taskford]

For sure you only guess those one since you are speculating about possible huge pump because bear market happens. But actually if we are just realistic and see the current happening we can say that maybe its hard for those speculations to get hit because we don't know what future could bring those untold events that might came to bitcoin and also with other altcoins.

[justdimin]

For sure you only guess those one since you are speculating about possible huge pump because bear market happens. But actually if we are just realistic and see the current happening we can say that maybe its hard for those speculations to get hit because we don't know what future could bring those untold events that might came to bitcoin and also with other altcoins.

We never really know what the future will be like, but we know that it is not going to be bad at all, and that is why it is such an important part of the crypto speculation deal. I mean we can talk about what it will be and what it won't be and I can say 50k you can say 5k and we can discuss forever but at the end of the day we will learn the result together and only one person will be right about up and down. Doesn't mean that this person will be right all the time neither, could be right now, could be wrong later on.

This is why it is better to just focus on what you can believe in, and making money that way instead of keep working towards something else.

[Nrcewker]

This is really good. I am really optimistic about price increases in the future.

Many people are happy due to the price gain that going to happen. But there will be also many people who will frown on this matter. They will complain on the fact that, they missed the golden opportunity to buy the coins.
Nevertheless the bear market here will last for couple of more months, so yes if anyone has missed buying the coins, buy it now.
Let’s see when this bear market ends and then only all the panicked seller will regret about their decisions.

[mich]

This is really great news and you gave me the goose bumps and the chills from reading your prediction for bitcoins price.  Now we must wait and hope this is a reality and not just a wishful thinking scenario.

If it is true we will all be happy and rewarded for hodling our precious coins.

[StreakW]

Although lately the price of bitcoin has started to increase, I am not sure if the current increase will continue. Especially in the midst of the uncertainty of global economic conditions, the risk in the global market is still high and the price of bitcoin still has the potential to decline.

[btc78]

After the start of a much-needed bullish relief this week, bitcoin and crypto are inching closer to getting the best monthly gain since October of 2021when we had the release of the first Futures ETF Bitcoin in the US. That's indeed some much-needed and appreciated relief we are getting right now after months of constant extreme fear and red candles.

How long we will continue to rally or how sustainable this rally is, is quite debate-able but we should just get a bit happy for the moment now, we don't get such times always in crypto and especially after the years past few months. Also, we are not having any significant planned economic event next month as there is no FOMC to raise rates. So we may have some space left on this rally…

But it is near closing of August , almost month after this post was created yet there are no sign of that claim as bitcoin will gain highest monthly since october 2021?  mind  explaining and telling us when this will come?
I have been waiting since April yet nothing is coming lol.

Although lately the price of bitcoin has started to increase, I am not sure if the current increase will continue. Especially in the midst of the uncertainty of global economic conditions, the risk in the global market is still high and the price of bitcoin still has the potential to decline.

well OP is placing this for the month of August in which seemingly nothing will ever happen close.

[Yaunfitda]

After the start of a much-needed bullish relief this week, bitcoin and crypto are inching closer to getting the best monthly gain since October of 2021when we had the release of the first Futures ETF Bitcoin in the US. That's indeed some much-needed and appreciated relief we are getting right now after months of constant extreme fear and red candles.

Too much for this first futures Bitcoin ETF in the US. There is no price increased, still the same $25k bound and then it won't hard again to $20k'ish. Just another reminder that even if there is good news, if we are in a bear market, no amount of news will turn the tide.

How long we will continue to rally or how sustainable this rally is, is quite debate-able but we should just get a bit happy for the moment now, we don't get such times always in crypto and especially after the years past few months. Also, we are not having any significant planned economic event next month as there is no FOMC to raise rates. So we may have some space left on this rally…

It's obvious that there is no rally that will sustained it, hopefully the price target is $30k, but we were stop on track to $25k. There is still the war and then the inflation rate in the US continue to soar, and dollar losing it's value against local currencies.

[bots1]

No one knows for sure how long the rally in bitcoin and altcoin prices will continue. Even though the current bitcoin price is above $20k, but it's still under $25k. Even so, to go bullish, bitcoin must be able to pass the price area above $30k. Therefore, let's see if bitcoin is able to be bullish in the midst of the world's economic conditions that are not doing well.

The rally has ended though, we are again back to $21k, when we thought that $25k can sustain its run, but majority of us are wrong. So forget about $30k for now, the short term price that we should target is still $25k, although we have breached it already, it's not that sustainable, which means that is going to be the psychological barrier as traders keeps on selling whenever we hit that price.

So no, we will not see the biggest monthly gain since October 2021, it's just pure hype but not enough momentum to push through this last couple of days before the end of this month.

Right. it seems that the bitcoin price rally has ended for this year, especially since the last few months until now the bitcoin price is still difficult to reach above $25k. However, even though the crypto market is still unstable, I am optimistic that the bitcoin price will not drop to the $17k area and even stabilize above $20k until the end of this year.

[sunsilk]

but we should just get a bit happy for the moment now, we don't get such times always in crypto and especially after the years past few months.

I think you're right on this now.

Compared to the last bear market, it was by far the bloodiest that we have ever seen. I'm talking about the bear market of 2018. And that's why I think that I agree to what you've said that we should get a bit happy as of the moment because we're experiencing the same situation but entirely with a different gap.

I am optimistic that the bitcoin price will not drop to the $17k area and even stabilize above $20k until the end of this year.

I'm also optimistic and looking at that part that we've seen already the lowest for this entire cycle and for the next months, it'll be like a slow walking uphill again back close to ATHs that we've met down here.

[bots1]

I am optimistic that the bitcoin price will not drop to the $17k area and even stabilize above $20k until the end of this year.

I'm also optimistic and looking at that part that we've seen already the lowest for this entire cycle and for the next months, it'll be like a slow walking uphill again back close to ATHs that we've met down here.

Although until now no one can predict with certainty the price of bitcoin in the future. However, some analysts are optimistic that bitcoin prices will rise again next year, although it will take several months. Therefore, in the current market situation, it is hoped that we do not need to panic and remain calm to set up an investment strategy because the market conditions are not yet stable.