What is your prediction for this month. August

[Distinctin]

To be honest I never believed that Bitcoin price would still be going back down to $61k after the rush to hit $70k, this month of August isn't going to yield anything productive as in getting close to the $70k maybe towards September that we could see the price at $70k+ and many are still saying is because of the incident that happened to Trump when he got shot that made it start moving up but at this period I think Bitcoin price is going to make a move gently to at least $65-$68k before middle of this month of August.

Currently, bitcoin is priced at $61k so if this will continue to decline, we will see another price dropping below $60k. As much as we want to speculate bitcoin price this month not reaching again $60k or below, but here we are now almost returning back to that phase, and the worst thing is we can't do nothing about it but wait until it recovers again. I guess my only hope this month is just to see btc price finally surpassing $70k, but I think it's still quite hard to achieve this time.

[GeorgeJohn]

To be honest I never believed that Bitcoin price would still be going back down to $61k after the rush to hit $70k, this month of August isn't going to yield anything productive as in getting close to the $70k maybe towards September that we could see the price at $70k+ and many are still saying is because of the incident that happened to Trump when he got shot that made it start moving up but at this period I think Bitcoin price is going to make a move gently to at least $65-$68k before middle of this month of August.

It's that price of bitcoin is not constant and it since existence  of bitcoin, the price has not increased continuously without retrace, so when we look at it very well you can see that bitcoin price is not on constant flows of increment, so to balance the equation of bitcoin you have to know that falling of Bitcoin also give rise to it's increment...

Now, I know that bitcoin price is something that has to do with rotation and it happen when don't expect it, now many people is astonished that the price of bitcoin is reducing in price after it has ascertain a particular price, so it's nature of cryptocurrency and mostly bitcoin that it do rise and Fall,

It can astonish us that we lamenting of the price been dropping in value will just have a sudden changes in value, so therefore, you have to know at point drop it can be in same vain and increase beyond a reasonable doubt.

[Jessie2121]

To be honest I never believed that Bitcoin price would still be going back down to $61k after the rush to hit $70k, this month of August isn't going to yield anything productive as in getting close to the $70k maybe towards September that we could see the price at $70k+ and many are still saying is because of the incident that happened to Trump when he got shot that made it start moving up but at this period I think Bitcoin price is going to make a move gently to at least $65-$68k before middle of this month of August.

Currently, bitcoin is priced at $61k so if this will continue to decline, we will see another price dropping below $60k. As much as we want to speculate bitcoin price this month not reaching again $60k or below, but here we are now almost returning back to that phase, and the worst thing is we can't do nothing about it but wait until it recovers again. I guess my only hope this month is just to see btc price finally surpassing $70k, but I think it's still quite hard to achieve this time.

The drop doesn't mean it won't really get it pace back to $65-$69k or which ever amount it was just that the delay it will take will be much that it only looks like it won't get a little closer to the suppose $70k which seems to the the resistance at the moment but ones it does I believe $70k won't stop counting but for now is only hoping for a positive movement in the market price, but to me August isn't going to be as strong in pumping of Bitcoin price just like that of last month.

[shinratensei_]

Currently, bitcoin is priced at $61k so if this will continue to decline, we will see another price dropping below $60k. As much as we want to speculate bitcoin price this month not reaching again $60k or below, but here we are now almost returning back to that phase, and the worst thing is we can't do nothing about it but wait until it recovers again. I guess my only hope this month is just to see btc price finally surpassing $70k, but I think it's still quite hard to achieve this time.

$60k and below is possible but BTC can always recover afterward, maybe right now it's the bear trap no one know but it's uncertain whether we gonna see another bullrun because despite ETF flow still net positive we can't deny that there are massive sell offs. since BTC has failed to reach the ATH again with all these dumps, probably moving forward this month around gonna be quite boring scene with the trading candles.

however, if ever worse comes to worst i will be among the one to buy the dips .

[Fara Chan]

The drop doesn't mean it won't really get it pace back to $65-$69k or which ever amount it was just that the delay it will take will be much that it only looks like it won't get a little closer to the suppose $70k which seems to the the resistance at the moment but ones it does I believe $70k won't stop counting but for now is only hoping for a positive movement in the market price, but to me August isn't going to be as strong in pumping of Bitcoin price just like that of last month.

This August has only been running for almost three days, but for the price of Bitcoin itself which is seen in the market today, it has also touched $60K and is now back to $61K. This means that the level of price correction experienced by Bitcoin from the end of last month to the beginning of this month is still not too big so we don't need to worry too much about conditions like this. Because a good trend can still happen again in the market, especially in Bitcoin which is now increasingly being eyed by many investors and rich people in this world.

[tabas]

We are in August now, will bitcoin fall below $60000 again?

I think so, last month it happened and so the possibility won't be gone this time as this month is much slower compared to what we've got last month.

The second question is that, what would be the highest price of bitcoin in this month of August? Will bitcoin increase above $70000 which has been a very strong resistance?

To play safe with this prediction, $60k-$70k is just like last month. The global market isn't doing good right now and the FEDs have cut rates once again. We're on a slump now and is lower than the pandemic but look at Bitcoin, it's still doing good. We can take that moment of appreciating while the global markets are down, Bitcoin is quite down but zooming out the charts show it's still doing good.

[Poker Player]

To be honest I never believed that Bitcoin price would still be going back down to $61k after the rush to hit $70k, this month of August isn't going to yield anything productive as in getting close to the $70k maybe towards September that we could see the price at $70k+ and many are still saying is because of the incident that happened to Trump when he got shot that made it start moving up but at this period I think Bitcoin price is going to make a move gently to at least $65-$68k before middle of this month of August.

Currently, bitcoin is priced at $61k so if this will continue to decline, we will see another price dropping below $60k. As much as we want to speculate bitcoin price this month not reaching again $60k or below, but here we are now almost returning back to that phase, and the worst thing is we can't do nothing about it but wait until it recovers again. I guess my only hope this month is just to see btc price finally surpassing $70k, but I think it's still quite hard to achieve this time.

The drop doesn't mean it won't really get it pace back to $65-$69k or which ever amount it was just that the delay it will take will be much that it only looks like it won't get a little closer to the suppose $70k which seems to the the resistance at the moment but ones it does I believe $70k won't stop counting but for now is only hoping for a positive movement in the market price, but to me August isn't going to be as strong in pumping of Bitcoin price just like that of last month.

It seems that the dip now has had a lot to do with growth expectations for the US, which do not look as rosy as expected, and investors are doubting whether the Fed will finally not make a rate cut at the next meeting as expected. In the end, like it or not, the price depends a lot on monetary policy and expectations about it.

Both the price of Bitcoin and stock markets in general suffered a dip as soon as the US employment data was released.

Looking further ahead, what will happen in August I do not know, because it is a month with low volume in which prices can move with less capital.

[mvdheuvel1983]

The second question is that, what would be the highest price of bitcoin in this month of August? Will bitcoin increase above $70000 which has been a very strong resistance?

Looking at the current price of bitcoin this morning which is revolving around 61-62k, I think bitcoin will experience a drop in price which will take it below 60( 59 to 58k) then I think after a drop it will move up to 70k then the highest price I'm expecting bitcoin to get to this month should be around 74- 75k based on my personal calculations. In order to see Bitcoin hitting back to 70k a buy buy strategies is the only option so ignore the dip and keep buying.

[Mr.right85]

Looking at the current price of bitcoin this morning which is revolving around 61-62k, I think bitcoin will experience a drop in price which will take it below 60( 59 to 58k) then I think after a drop it will move up to 70k then the highest price I'm expecting bitcoin to get to this month should be around 74- 75k based on my personal calculations. In order to see Bitcoin hitting back to 70k a buy buy strategies is the only option so ignore the dip and keep buying.

August have still got a lot of days on it and as such, most predictions on where price might end would cover a wide range. Though the might might have started with price moving towards the bears, it seems inevitably to end on a good note given the much campaigns inclusive campaign Trump have got. I think we would find price to dump in the coming days to around $59k and wouldn’t go below that, after wards it would pull towards $70k.

[DeathAngel]

Seems a lot of negative vibes in legacy markets, I don’t think we see a new all time high in August. I have to separate what I hope from what I think to submit a proper prediction. What I hope is for a pumping Bitcoin & new highs but sadly what I think is that at best we stay in this 60k to 70k range, bouncing around with no clear indication of breaking out either way. Data coming out from the US says we might go lower soon as stock investors panic, Bitcoin could get dragged down too. Prepare for the worst, a return to 50k could happen.

[darkangel11]

Seems a lot of negative vibes in legacy markets, I don’t think we see a new all time high in August. I have to separate what I hope from what I think to submit a proper prediction. What I hope is for a pumping Bitcoin & new highs but sadly what I think is that at best we stay in this 60k to 70k range, bouncing around with no clear indication of breaking out either way. Data coming out from the US says we might go lower soon as stock investors panic, Bitcoin could get dragged down too. Prepare for the worst, a return to 50k could happen.

Saying that a $50k can happen when the price is at 60 is pretty pointless, especially when a dump of just 1000 BTC could take us below 60k. Does it matter though? The short-term price is nothing but a representation of the current buy and sell orders in a market of low liquidity where a 5% of the total supply dumped on the market, so 1 million BTC, would destroy the price, causing a massive 50% correction.
Would such a situation represent the true value of bitcoin? I think we all can agree that it would not, just like the Covid crash did not represent it.
Let's focus on long term trend lines and the fact that we're post-halving and have not seen a bull market yet. We're somewhere in between bear and bull, on the way towards a real bull run that will end with a new ATH, but that can happen anywhere from September to the end of 2025.

[GigaBit]

We see all-time high in Bitcoin price in March this year but since then the price has been going through a bit of a downward and upward trend. When Bitcoin price went below 55k and then reached 70k again. However, Bitcoin has been hovering between 60K and 70K for several months. It has been going through almost the same situation for the last four months. One positive thing here is that even though Bitcoin went down, it stayed above 60k most of the time. So we can expect Bitcoin to move higher again, if not sooner. Although we saw a big drop in early August, it will not last. According to my prediction, Bitcoin price will cross 70 again by the middle of this month and most likely it will cross the new ATH around December this year.

[retreat]

Most likely the Bitcoin market conditions this August will still be the same as last month, nothing major will happen, only Bitcoin prices tend to go up and down, yeah it's still not stable and we still haven't seen any signs of a bullish market. Let's just hope that there will be positive news this month, at least we can see the Bitcoin price above 65k, but if there is no positive news, it is very likely that the Bitcoin price range will still be at 58-65k USD.

[pooya87]

Bitcoin seems to be reacting negatively to global tensions. We saw this exact trend in April as well (I made a topic about this) and once again we are in the same situation and bitcoin is acting the same way which happened at the same time as a small correction which made the dip bigger.

Like in April, Israel committed an act of terrorism and Iran is preparing to punish this terrorist organization. Ever since Israel's terrorist attack on Wednesday we have been witnessing all markets being affected. Like the dump in US stock markets and the bitcoin price dumping all the way to $60k.
If those tensions go higher, we could witness much bigger dumps. US Stock market would crash hard and bitcoin could reach $50k.

[Akbarkoe]

Seems a lot of negative vibes in legacy markets, I don’t think we see a new all time high in August. I have to separate what I hope from what I think to submit a proper prediction. What I hope is for a pumping Bitcoin & new highs but sadly what I think is that at best we stay in this 60k to 70k range, bouncing around with no clear indication of breaking out either way. Data coming out from the US says we might go lower soon as stock investors panic, Bitcoin could get dragged down too. Prepare for the worst, a return to 50k could happen.

Today we have entered the $50k-$60k zone, and it is very annoying for me personally, where previous expectations in July I thought the US would cut interest rates but they continued to maintain interest rates and made the market no longer pleasing to investors, then the war became something that was very feared by many investors, seen not only bitcoin that experienced a decline, but the stock market also experienced a deep correction, this negative sentiment really changed the view of investors on high risk assets such as bitcoin.

We must prepare ourselves to increase the load if it reaches even lower the next day to fill our bags in the bullrun cycle, but for people who do not have a lot of money to increase their bitcoin ownership is to be patient and do not look at the state of the portfolio to not get panic.

[aoluain]

$58,585 is what I am seeing with the market ATM!

The market could be reacting to claims that the US could be entering into
recession, I believe the stock markets are also reacting negatively too.

Traditionally August has been predominantly a RED month and with this current
downturn the trend could continue.

[ajiz138]

That being said, the fact that the price has dropped below $60K now ensures that the price will tend to drop because of this negative sentiment that we are seeing.

The market is so reactionary to surprises to the downside, I'm not sure there's any news that could cause this to plummet although plausibly it could.

$70K in August? I think it's a bit difficult.

[STT]

Another nasty day for BTC to end the week with, no pressure to stem the fall is apparent.  Only 57k shows some bounce attempt and its been a weak one, coming back to test the area within hours.   If this doesnt hold like it managed to start buying at July start then August will play out especially negative.

I would not guess on a break here before it proves itself with great volume, this will occur during the week not a weekend imo.  BTC price is attempting but its too early to call that so far.  Give it some days to clarify.

[Out of mind]

The second question is that, what would be the highest price of bitcoin in this month of August? Will bitcoin increase above $70000 which has been a very strong resistance?

No one imagined that the Bitcoin market would be so dumping come August. I saw today the way the candles went down in the bitcoin market, it is really a lot of loss in the market. Although we saw the Bitcoin market quite well in early August but at the moment Bitcoin we can see touched $52000. I don't understand the reason for so much dumping, no one imagined that the market will fall so much, but we can hope that maybe by the end of August, there is a possibility that the market will increase. As the market position is very bad right now, it may be very difficult for Bitcoin to touch $70k in August. I think by the end of August the price of Bitcoin may go above 65 thousand and the way the Bitcoin market has gone down today, we may go further dumping Bitcoin.

[AirtelBuzz]

That being said, the fact that the price has dropped below $60K now ensures that the price will tend to drop because of this negative sentiment that we are seeing.

The market is so reactionary to surprises to the downside, I'm not sure there's any news that could cause this to plummet although plausibly it could.

$70K in August? I think it's a bit difficult.

According to the current situation of the market, it may seem so. Today I woke up to a notification from Coin Market Cap showing that Bitcoin had dropped to $52k. Bitcoin market has changed 10.32% in last 24 hours i.e. down. Such a sudden and surprising negative impact on the market seems to be why the market has suddenly fallen so low, what is the reason?
Since late July we have seen the price of Bitcoin fall and then think that maybe it will turn around in August. But no, the price of Bitcoin is falling even at the present time. Many of us predicted that August might touch Bitcoin price $70k, in this situation it might be very difficult to touch it.