What is your prediction for this month. August

[OgNasty]

I think this month is going to be fairly boring price-wise. There’s still a bunch of BTC hitting the market that will keep the price held down while at the same time I think demand is more than enough to warrant higher prices. This should lead to sideways action for another month, maybe two before things start to heat up.

[SamReomo]

just hoping that at the end of the august it will hit $63k and breakthrough the difficult resistance at $61k however, if BTC Dominance is also increasing, altcoin will suffer the most.

I also hope that and there's chance that it might end up reaching $63k by the end of August. So far the month of August hasn't been a good one in this cycle and I hope in it's end it may show some good results.

Most of us even believe that September is also going to be a bad month for Bitcoin investors and traders but who knows that how things will turn out this September. Let's be optimistic so things may be good for us.

[asriloni]

BTC is not looking good now. It's so hard just break 62k. I hate to say this, but I think institutional support makes us more dependent on the stock market. We have passed some events, like the BTC halving and Mtgox distribution. But, the price is still stuck.

Bitcoin will likely move sideways this month. It will fluctuate between 55k and 61k. Until we'll able to break 62500 and use it as a new froor, and it seems impossible for us to go higher than 63k.

[betswift]

BTC is not looking good now. It's so hard just break 62k. I hate to say this, but I think institutional support makes us more dependent on the stock market. We have passed some events, like the BTC halving and Mtgox distribution. But, the price is still stuck.

Bitcoin will likely move sideways this month. It will fluctuate between 55k and 61k. Until we'll able to break 62500 and use it as a new froor, and it seems impossible for us to go higher than 63k.

Great illustration I do think as well that we won't see anything extraordinary from BTC this month, for better or worse (depending on the person ).

[justdimin]

I think this month is going to be fairly boring price-wise. There’s still a bunch of BTC hitting the market that will keep the price held down while at the same time I think demand is more than enough to warrant higher prices. This should lead to sideways action for another month, maybe two before things start to heat up.

That is definitely how it seems to be looking this month. We already have like 10 days or less left and that feels like it is not going to be a wild volatile period neither, and sometimes we need that too. We can't always have very wild days, we can't always have high volume and volatility neither, we do have days that are like that and I like those days and the yare not terrible but sometimes have to be like this.

We are going to end up with boring and not moving period for the remainder of this month if you ask me too. That doesn't mean that it will insist forever, we are going to have volatile period once again and maybe who knows we are wrong and that will be this month, but even if not this month I believe it will be September and we are going to see that once again, I just think it won't be the next week or so for this month. I agree that boring periods are required for crypto to calm down for a while before it makes a bigger move once again.

[pooya87]

I agree with the sideways action for the time being too but why do people think $55k is the bottom of it? The $60k resistance seems to be strong enough to hold under normal circumstances (meaning without any major negative news to cause panic sells). Granted we can't be sure yet since it has only been 3 days of not seeing anything below $60k but it still is a strong resistance if you ask me.

[BABY SHOES]

I think this month is going to be fairly boring price-wise. There’s still a bunch of BTC hitting the market that will keep the price held down while at the same time I think demand is more than enough to warrant higher prices. This should lead to sideways action for another month, maybe two before things start to heat up.

At the beginning of August bitcoin was around $64K after a few days the market crash made the price of bitcoin touch $49K now back at $64K on the 25th or today, well this can be said to be boring because it is similar to sideways where bitcoin goes up / down which at the end returns to all points.

There are still 6 days left for August, is it possible that there will be a more meaningful surge? We never know it looks like bitcoin sideways will be longer indeed.

[erep]

I think this month is going to be fairly boring price-wise. There’s still a bunch of BTC hitting the market that will keep the price held down while at the same time I think demand is more than enough to warrant higher prices. This should lead to sideways action for another month, maybe two before things start to heat up.

At the beginning of August bitcoin was around $64K after a few days the market crash made the price of bitcoin touch $49K now back at $64K on the 25th or today, well this can be said to be boring because it is similar to sideways where bitcoin goes up / down which at the end returns to all points.

There are still 6 days left for August, is it possible that there will be a more meaningful surge? We never know it looks like bitcoin sideways will be longer indeed.

The opportunity to reach a high price is very possible based on the sideways that returned to the price of $64k at the end of the month, if the closing price reaches $67k then we will soon see the market reach ATH in the following month and we will soon hope that it will be realized, I think sideways will not last long from the review of significant recovery a few weeks ago, the market will catch up to reach a high price and hopefully there will be no negative news impact that hinders the price recovery to reach ATH.

The duration of 6 more days in August may provide a surprise or at least the market can hold in the price range of $62k-$64k until the end of the month.

[legendbtc]

The opportunity to reach a high price is very possible based on the sideways that returned to the price of $64k at the end of the month, if the closing price reaches $67k then we will soon see the market reach ATH in the following month and we will soon hope that it will be realized, I think sideways will not last long from the review of significant recovery a few weeks ago, the market will catch up to reach a high price and hopefully there will be no negative news impact that hinders the price recovery to reach ATH.

The duration of 6 more days in August may provide a surprise or at least the market can hold in the price range of $62k-$64k until the end of the month.

Why if Bitcoin price closes above $67k, will we see ATHs in the coming months? We all know that bitcoin is unpredictable and relying on technical analysis is only relative, it does not guarantee anything to us.
There have been so many times people talking about this resistance level and that resistance level and bitcoin can't be dumped any further. But as you can see this month, the price also dropped below $50k which surprised everyone.
August will end with little change, IMO. But in September we have big news about the Fed cutting interest rates so I think we need to wait until then for more positive changes instead of expecting a breakthrough in the coming days.

[STT]

67k is just another ceiling, it has to be alot more positive then that to signify something new.   We've seen a bigger sell today as we move away from the 2 notable moving averages 50 day and 200 day I think thats normal weakness.

For the rest of the month moving into the more hectic autumn months it will matter if we can hold 58k here.    The full negative conclusion to August we're facing is a close below 50k in potential, a lower low.   This is only a normal continuation of the negative trend since March where ceiling is flat but the floor is falling apart leaving us to fall lower.

  Hold 58k right now and thats the positive take to get us higher, volatility is rising and either direction remains possible.

[passwordnow]

Hold 58k right now and thats the positive take to get us higher, volatility is rising and either direction remains possible.

The fluctuation that reached back to $58k was really quick. Although I don't take this negatively but as another rebound will likely to happen if it has been there. The $67k as the ceiling is still reachable and this month is about to end soon. Maybe this month isn't really as good as the others but we've seen on how Bitcoin has moved and interestingly, despite with all of the dumps that we've seen for this month, BTC has been so resilient and this is another opportunity for anyone who have been saying that they would buy if it goes back under $60k and it does.

But in September we have big news about the Fed cutting interest rates so I think we need to wait until then for more positive changes instead of expecting a breakthrough in the coming days.

I think that this has already reflected in some markets and countries for whenever the FED does this, the reaction happens almost on an instant. I agree that we have to wait until some positive changes happens and with the news that will come out positively for Bitcoin. I'm looking at the great chartists on what they think about the upcoming month of September.

[Yaunfitda]

67k is just another ceiling, it has to be alot more positive then that to signify something new.   We've seen a bigger sell today as we move away from the 2 notable moving averages 50 day and 200 day I think thats normal weakness.

For the rest of the month moving into the more hectic autumn months it will matter if we can hold 58k here.    The full negative conclusion to August we're facing is a close below 50k in potential, a lower low.   This is only a normal continuation of the negative trend since March where ceiling is flat but the floor is falling apart leaving us to fall lower.

  Hold 58k right now and thats the positive take to get us higher, volatility is rising and either direction remains possible.

I think we are holding or even surpassed $58k as this is the biggest support line for now. But for the whole month of August, yeah just the same month as before, doesn't look good and everything is going down. Nevertheless, I'm expecting something big in the next month and throughout the end of the year.

This could be the big movement that we are all have been waiting to see post halving. Historically, the last quarter post halving is going to be big and so with that, I do hope that the cycle continues and maybe at the end of the year we will see another new all time high or at least at the $80k range.

[fuguebtc]

67k is just another ceiling, it has to be alot more positive then that to signify something new.   We've seen a bigger sell today as we move away from the 2 notable moving averages 50 day and 200 day I think thats normal weakness.

For the rest of the month moving into the more hectic autumn months it will matter if we can hold 58k here.    The full negative conclusion to August we're facing is a close below 50k in potential, a lower low.   This is only a normal continuation of the negative trend since March where ceiling is flat but the floor is falling apart leaving us to fall lower.

  Hold 58k right now and thats the positive take to get us higher, volatility is rising and either direction remains possible.

I think we are holding or even surpassed $58k as this is the biggest support line for now. But for the whole month of August, yeah just the same month as before, doesn't look good and everything is going down. Nevertheless, I'm expecting something big in the next month and throughout the end of the year.

This could be the big movement that we are all have been waiting to see post halving. Historically, the last quarter post halving is going to be big and so with that, I do hope that the cycle continues and maybe at the end of the year we will see another new all time high or at least at the $80k range.

There is still 1 day left until the end of August, I also hope Bitcoin can close the monthly candle above $60k.

If you believe in history, you should also note that September is not a good month for the market. So even if bitcoin price closes above $60k, it will be hard to dispel the gloom that is engulfing the market. But this September we have a highly anticipated event: the Fed will announce a rate cut and we can hope for a better September than in previous years. But honestly, the market is very unpredictable, sometimes good news is announced but it can still go against our expectations. It's more like someone is manipulating the market than the market moving on macro news like other financial markets.

The PCE index just came out as expected and economists are now almost 100% confident that the Fed will cut interest rates in September. It seems like a rate cut is a certainty, but we don't know how the market will react, we'll have to wait and see.

[Z_MBFM]

Nothing can be said for sure, but almost everyone is expecting 70K + by August. And it has many possibilities. Bitcoin reached $69,900+ just 2 days ago, Bitcoin did not cross 70k due to little not growth, so we can definitely expect Bitcoin to cross 70k this month. Now we just have to wait for one more pump, hopefully the next pump will see Bitcoin hit 70k. And it is very likely to happen within this month. Now let's see when it happens, because we can't say anything for sure.

August is almost over but the price of Bitcoin is going down rather than up. Expected to hit $70k at the end of August, the price of Bitcoin has fallen below $60k. And market observation shows that it is very unlikely that the price of Bitcoin will go up to $80k this year. So we probably won't see a new ATH for Bitcoin this year. and if the price of Bitcoin somehow goes below $50K then it is likely that Bitcoin will make a huge dump and then Bitcoin price may go below $30k.  So I'm not investing big on Bitcoin right now in this panic market. But trying to make small investments.

[Nrcewker]

Almost 1 day left for August to end. I can see that we didn’t see any surprise in the price of Bitcoins. Yes, the first week of August was very harsh, as not only crypto but all the exchanges have crashed in prices, and at that time Bitcoins fell below 50k USD. Apart from this, the price was pretty normal throughout the month. It seems like Bitcoins are still resting in that comfort zone of 50-60K USD range. I am assuming the next ATH price will be only possible next year. Let’s hope for the best.

[erep]

Nothing can be said for sure, but almost everyone is expecting 70K + by August. And it has many possibilities. Bitcoin reached $69,900+ just 2 days ago, Bitcoin did not cross 70k due to little not growth, so we can definitely expect Bitcoin to cross 70k this month. Now we just have to wait for one more pump, hopefully the next pump will see Bitcoin hit 70k. And it is very likely to happen within this month. Now let's see when it happens, because we can't say anything for sure.

August is almost over but the price of Bitcoin is going down rather than up. Expected to hit $70k at the end of August, the price of Bitcoin has fallen below $60k. And market observation shows that it is very unlikely that the price of Bitcoin will go up to $80k this year. So we probably won't see a new ATH for Bitcoin this year. and if the price of Bitcoin somehow goes below $50K then it is likely that Bitcoin will make a huge dump and then Bitcoin price may go below $30k.  So I'm not investing big on Bitcoin right now in this panic market. But trying to make small investments.

I think you should be optimistic that bitcoin will reach $80k in the remaining 4 months for the end of the year, so don't be pessimistic about the current market price analysis because the potential to reach ATH is very strong from the price that can stay above $50k during the market correction this year, I still hold on to my previous opinion that the potential ATH price can be achieved even though the current price movement conditions are unstable. But if you are not ready to invest at the current price, the solution is to prioritize DCA investment at different price targets to maximize the value of bitcoin investment in your portfolio.

[TravelMug]

Almost 1 day left for August to end. I can see that we didn’t see any surprise in the price of Bitcoins. Yes, the first week of August was very harsh, as not only crypto but all the exchanges have crashed in prices, and at that time Bitcoins fell below 50k USD. Apart from this, the price was pretty normal throughout the month. It seems like Bitcoins are still resting in that comfort zone of 50-60K USD range. I am assuming the next ATH price will be only possible next year. Let’s hope for the best.

Unfortunately, there no action for this month, and this August, we have lost almost 9% from last month. So indeed as others say, this month is not good not just for crypto market, but for any other assets.

Although it we look at the last 8 months, we have been in green in 5 and only 3 months that we are in red, including this one. Although I read some TA that it is forming  Cup & Handle on the Daily/Weekly chart, a formation that hasn't been seen in years, and with that, the last 4 months might be interesting to see and we could be in for a massive run before the end of the year.

[Jessie2121]

I don't even know between last month of August and this very month which is more better considering the fact that Bitcoin price of this month is some how imitating everything about August, I don't know about you guys but it seems like this month is not going to end with Bitcoin price going higher than we expected, $53k going back and forth without any sign of surpassing $55k or even getting close to $59k is a bit discouraging with the high hope if Sept getting to a $60k and above, does September look more productive to you guys in any way than August?

[asriloni]

I don't even know between last month of August and this very month which is more better considering the fact that Bitcoin price of this month is some how imitating everything about August, I don't know about you guys but it seems like this month is not going to end with Bitcoin price going higher than we expected, $53k going back and forth without any sign of surpassing $55k or even getting close to $59k is a bit discouraging with the high hope if Sept getting to a $60k and above, does September look more productive to you guys in any way than August?

September has always been the worst month for Bitcoin. It often has a negative effect instead of a positive one. But last year, Bitcoin had a positive result. I think this time is different. There is a lot of bad sentiment affecting Bitcoin's price.

People are so optimistic about Bitcoin this month. But, I'm feeling very pessimistic.



This forecast shows how weak bitcoin is now. It's bumping a bit after dropping to 52,500. but It might fall further to 50k or 49k.

Also, 1h chart is showing a very bad pattern. I expect the last big dump is still going to happen.