Bitcoin predictions for August.

[traderethereum]

Bitcoin dropped to $110K today, after a temporary reversal following Jerome Powell speech last week. This drop was the lowest since Bitcoin hit a new all time high of $124K, but many remain optimistic that Bitcoin will reach $130K in August. If the Fed officially cuts interest rates in the future, the market will automatically recover, and it's very realistic that Bitcoin will reach $130K. Meanwhile, I think this decline is also a good opportunity to increase the portfolio size.

Yes, it definitely makes me wonder how the price of Bitcoin has been increasing in the past few days, the highest price of Bitcoin this month was $124k, which I am very surprised to see. But now its market has decreased, I am not sure yet how much the Bitcoin market will reach in August, but I expect that the Bitcoin market will be able to give a lot within this month. Since the Bitcoin market increased a few days ago, I can say that it will show a bull run again. But I expect that Bitcoin will start increasing again in this short time.

It is dropped to $108k. But now, the price has reached $110k. And the price trying to increase more. The drop makes some traders close their trade for a while but that will not be a problem. But the situation can continue until the end of this month.

But I am not sure what will happen in the next month especially if the correction comes again. What happens to the world can reflect what happens to Bitcoin so we need to be careful and take our time to analyze deeply.

But you should not panic because it will not take too long. Everything will be back to normal and the price will increase more. Just prepare your money to buy back at a low price.

[bitgolden]

With rates not being cut, it was expected for it to have a drop, but it is true that eventually it will be cut and the money that goes into bitcoin will increase. We have to remember, when the rates are cut, that means keeping your money in would not be worth it because of low returns, so many people will take their money out of interest and put it into bitcoin.

The hope was that it would happen now so that we could have it during the bull period, but we would have to wait some more. When is the next time they may do this? I do not have the dates for it, but I am sure that it is going to be a great period to be in, and shouldn't really worry about it too much. If we can make this work, then we are going to end up with lower rates, and higher bitcoin.

[ChocolateBitcoinK]

Well I did think we would see a price of Bitcoin of 130k in this month. But now Bitcoin is down 5 percent in this week so I do hope it is only a small correction.

Bitcoin price now is 115k. I am not sure if we will see Bitcoin make gains of 15k because August is now more then half over. But we can not know and I still am 'bullish'.

This month, Bitcoin price is not just entering the way people are predicting it. We did not start the first week of August very well, but the second week showed us a promising move where we saw $122,000 in price, only for us to be below $120k this new week. I don’t think we can also see $130k this month of August, but I’m pretty sure we can get back above $120k and even add more numbers to it.

The market is currently at $110K, actually nothing is being said well at the moment, it may take some time to recover, maybe we will see another new ATH at the end of next month, I don't know what will happen, but I hope we will see good momentum at the end of next month, right now the market has to recover first, and for that we must be patient, the market will definitely recover but you must believe in it and keep your perspective. It is not something that it will never recover, after that the market may move faster than we expect.

[virasog]

With rates not being cut, it was expected for it to have a drop, but it is true that eventually it will be cut and the money that goes into bitcoin will increase. We have to remember, when the rates are cut, that means keeping your money in would not be worth it because of low returns, so many people will take their money out of interest and put it into bitcoin.

The hope was that it would happen now so that we could have it during the bull period, but we would have to wait some more. When is the next time they may do this? I do not have the dates for it, but I am sure that it is going to be a great period to be in, and shouldn't really worry about it too much. If we can make this work, then we are going to end up with lower rates, and higher bitcoin.

Well I think this is more of sort of a manipulation then anything that has to do with the interest rates. Even the fed chairman hinted that there is a need to cut the interest rate in the next FOMC meeting and the price of Bitcoin pumped on the day of his speech but after that it has been a continuous dump. I think this is to take out weak hands and them we may see another all time high in September.

[GeorgeJohn]

August prediction or each of the month prediction of Bitcoin has been something that we have been doing since we join the forum I think that some persons are getting tired of such predictions and so many of such predictions of months has failed many people and that is why nobody is developing or having the interest to make a such strength of monthly prediction of Bitcoin

It is obvious that so many of us who makes such threads of Bitcoin price monthly or weekly those people they are no longer interested for doing that and because they have not make a specific prediction that is accurate, for me bitcoin is unpredictable and that is why is she many people predicting the price of Bitcoin based on assumptions and the thing always failed

[kawetsriyanto]

It is dropped to $108k. But now, the price has reached $110k. And the price trying to increase more. The drop makes some traders close their trade for a while but that will not be a problem. But the situation can continue until the end of this month.

After declining to $108k, it could return to $112k recently. Sure, it isn't a good sign but I'm sure it will be fine as long as it can stay above $110k. No doubt the traders prefer to close their position because the market tends to be more difficult to predict. However, I really hope this decline won't last until the end of the month. It should be around at $114k - $115k again in the near future to ensure the chance of the next ATH.

But I am not sure what will happen in the next month especially if the correction comes again. What happens to the world can reflect what happens to Bitcoin so we need to be careful and take our time to analyze deeply.

According to the history of previous cycle, September will be the red market. So, it is very possible to see another correction. But there is no certainty, the history may not repeat due to some factors. We all know that any news/issues easily influence Bitcoin price. So, we must prepare of any possible condition in the next month.

[Oshio-man]

August prediction or each of the month prediction of Bitcoin has been something that we have been doing since we join the forum I think that some persons are getting tired of such predictions and so many of such predictions of months has failed many people and that is why nobody is developing or having the interest to make a such strength of monthly prediction of Bitcoin

And we will continue predicting even though the prediction is not happening to our prediction now, but is  happening to other people prediction either to buy from the bearish season or sell from the bullish season, In this month of August, we have see all time high (ATH) from the beginning of the month that made some predictors think it will continue till the end of the month, but what they saw when the price of bitcoin decreased to $109k few days ago, make some of them confused because their prediction didn't come through but that will not make them to stop predicting daily, weekly and monthly because they know how prediction work.

[DanWalker]

Well I think this is more of sort of a manipulation then anything that has to do with the interest rates. Even the fed chairman hinted that there is a need to cut the interest rate in the next FOMC meeting and the price of Bitcoin pumped on the day of his speech but after that it has been a continuous dump. I think this is to take out weak hands and them we may see another all time high in September.

Manipulation is inevitable and it happens in every financial market, not just bitcoin. But as far as I know, bitcoin price reacted positively after the Fed chairman's statement and then quickly dropped sharply because a whale sold more than 24,000 BTC, equivalent to more than $4 billion.

Furthermore, Powell only hinted that the Fed would cut rates, but he did not say for sure that a rate cut would happen in September. Therefore, we should not be surprised that the market remains cautious and not overly optimistic.

According to CME data, 87% expect the Fed to cut interest rates in September.

[lizarder]

Manipulation is inevitable and it happens in every financial market, not just bitcoin. But as far as I know, bitcoin price reacted positively after the Fed chairman's statement and then quickly dropped sharply because a whale sold more than 24,000 BTC, equivalent to more than $4 billion.

Furthermore, Powell only hinted that the Fed would cut rates, but he did not say for sure that a rate cut would happen in September. Therefore, we should not be surprised that the market remains cautious and not overly optimistic.

Short-term manipulation is a constant in financial markets, and it applies to everything. The Fed's statement is always eagerly awaited by some to exploit market opportunities, and its words can always lead to two opposing positions by the time the speech concludes. The Fed's power to raise or cut interest rates has always had a short-term influence on financial markets, and Bitcoin's trajectory is no exception.

Recently, we saw a reversal in Bitcoin's price movement, with a significant drop from its all-time high. We need to be careful in facing uncertain market situations like now so that we can take several steps to avoid unwanted losses, in this way we can be wiser in seeing existing opportunities.

[justdimin]

Short-term manipulation is a constant in financial markets, and it applies to everything. The Fed's statement is always eagerly awaited by some to exploit market opportunities, and its words can always lead to two opposing positions by the time the speech concludes. The Fed's power to raise or cut interest rates has always had a short-term influence on financial markets, and Bitcoin's trajectory is no exception.

Recently, we saw a reversal in Bitcoin's price movement, with a significant drop from its all-time high. We need to be careful in facing uncertain market situations like now so that we can take several steps to avoid unwanted losses, in this way we can be wiser in seeing existing opportunities.

That is sad because it's very short term, and I do not understand why the market reacts the way it reacts knowing that it will be all for nothing in a few days anyways. I get that the rates didn't cut down like people hoped it would, and that did made the price go down. Like I get it, that's the reason, and I understand that, because if the rates were cut, the return on interest would be lower, and some people would take it out of the interest, and put it in bitcoin was the hope, and that did not happen so price went low. But why drop to 111k?

When you know it will be recovering, we know it will do better and it is not going to be that bad at all. We should expect it to be better on the long run, so why agree to sell at lower?

[GeorgeJohn]

August prediction or each of the month prediction of Bitcoin has been something that we have been doing since we join the forum I think that some persons are getting tired of such predictions and so many of such predictions of months has failed many people and that is why nobody is developing or having the interest to make a such strength of monthly prediction of Bitcoin

And we will continue predicting even though the prediction is not happening to our prediction now, but is  happening to other people prediction either to buy from the bearish season or sell from the bullish season, In this month of August, we have see all time high (ATH) from the beginning of the month that made some predictors think it will continue till the end of the month, but what they saw when the price of bitcoin decreased to $109k few days ago, make some of them confused because their prediction didn't come through but that will not make them to stop predicting daily, weekly and monthly because they know how prediction work.

don't you know that some people predict Bitcoin without making a research that is why we are having a continuous wrong prediction in this platform, because most of the people who predict the price of Bitcoin does not make the necessary research to know if the price is going to be something that is going to reflect or not in Bitcoin price, but they will move forward by tendering their prediction ideas in this platform which is totally wrong, some people who are here take some predictions serious as I something that is going to manifest and at end it becomes a wrong prediction

It is not good to give a wrong prediction because of the beginners who are new in this platform, because most people since this platform as a place where you get a good information about Bitcoin especially the price speculation, most investors they concentrate on the price of Bitcoin so it is not good to someone who does not have the knowledge of Bitcoin price to make a prediction because of weekly post quotas

[Iranus]

And we will continue predicting even though the prediction is not happening to our prediction now, but is  happening to other people prediction either to buy from the bearish season or sell from the bullish season, In this month of August, we have see all time high (ATH) from the beginning of the month that made some predictors think it will continue till the end of the month, but what they saw when the price of bitcoin decreased to $109k few days ago, make some of them confused because their prediction didn't come through but that will not make them to stop predicting daily, weekly and monthly because they know how prediction work.

don't you know that some people predict Bitcoin without making a research that is why we are having a continuous wrong prediction in this platform, because most of the people who predict the price of Bitcoin does not make the necessary research to know if the price is going to be something that is going to reflect or not in Bitcoin price, but they will move forward by tendering their prediction ideas in this platform which is totally wrong, some people who are here take some predictions serious as I something that is going to manifest and at end it becomes a wrong prediction

Basically, Bitcoin is unpredictable and predictions can be right or wrong, so that is normal. But the problem is that people don't do any research or analysis, and most just make predictions based on their own emotions and desires. That is why most predictions are wrong and many are somewhat exaggerated like many people believe bitcoin will hit $500k in this cycle. Or many delusional predictions that bitcoin will reach 3 million, 5 million in the future but no one has provided convincing analysis.

[lizarder]

That is sad because it's very short term, and I do not understand why the market reacts the way it reacts knowing that it will be all for nothing in a few days anyways. I get that the rates didn't cut down like people hoped it would, and that did made the price go down. Like I get it, that's the reason, and I understand that, because if the rates were cut, the return on interest would be lower, and some people would take it out of the interest, and put it in bitcoin was the hope, and that did not happen so price went low. But why drop to 111k?

When you know it will be recovering, we know it will do better and it is not going to be that bad at all. We should expect it to be better on the long run, so why agree to sell at lower?

There are several reasons that cause Bitcoin to fall at the price of 111 thousand and although the trigger is not on slaughtering interest rates there may be other influences that make Bitcoin down at that price. Another example may be found in macroeconomic factors that are likely to contribute to the decline in bitcoin. But if asked specifically I cannot explain why the decline occurs because sometimes bitcoin is difficult to predict based on the performance that occurs in the market today.

This is also another part of the process we are discussing, and some traders consider this a momentum for liquidity pickup, so they try to manipulate the market direction, which ultimately affects Riter traders at the stop-loss stage used. This kind of price decline process also often occurs in Bitcoin because Riter traders also have influence. For the long -term process it might not be worried because after the price of getting a severe correction there will always be a recovery momentum to bring Bitcoin to reach ATH in the next cycle.

[dezoel]

There are several reasons that cause Bitcoin to fall at the price of 111 thousand and although the trigger is not on slaughtering interest rates there may be other influences that make Bitcoin down at that price. Another example may be found in macroeconomic factors that are likely to contribute to the decline in bitcoin. But if asked specifically I cannot explain why the decline occurs because sometimes bitcoin is difficult to predict based on the performance that occurs in the market today.

This is also another part of the process we are discussing, and some traders consider this a momentum for liquidity pickup, so they try to manipulate the market direction, which ultimately affects Riter traders at the stop-loss stage used. This kind of price decline process also often occurs in Bitcoin because Riter traders also have influence. For the long -term process it might not be worried because after the price of getting a severe correction there will always be a recovery momentum to bring Bitcoin to reach ATH in the next cycle.

I would say it was still the rates not being cut. After all, people expected a lot of money to go into bitcoin when the rates get a cut, but it didn't so there wasn't a big amount of money that went into bitcoin, with a lot of disappointed investors who got out. I am not saying that is the only reason, but it is definitely a bit reason.

This is why we are not seeing this change, it is going to be something that is going to be a big deal, and not have that much difference. Of course it's something that we can definitely safely assume it as good, because it's lower now and we can buy bitcoin at a discounted price and can sell for a lot higher in the future. This is the way to go forward and should not be that crazy but give us good profit.

[pawel7777]

Could this be it lads? Is this just a pull back or are we in the bear market?
The chart for the last month:



In the 2021 cycle, we reached the peak around 1.5 years after the halving. The last halving was on 19th April 2024, 1.5 years from there would be 19th October, so we're less than 1.5 months away from that.
The 2013 and 2017 cycles were shorter than 1.5 years. This could be interpreted as there is no guarantee of the "minimum" 1.5 years or as the bull market period getting longer with each cycle.
For those who don't intend to hold forever and are looking to realise gains this cycle, I think cashing out at least partially is a reasonable move.

[btc_angela]

Could this be it lads? Is this just a pull back or are we in the bear market?
The chart for the last month:

In the 2021 cycle, we reached the peak around 1.5 years after the halving. The last halving was on 19th April 2024, 1.5 years from there would be 19th October, so we're less than 1.5 months away from that.
The 2013 and 2017 cycles were shorter than 1.5 years. This could be interpreted as there is no guarantee of the "minimum" 1.5 years or as the bull market period getting longer with each cycle.
For those who don't intend to hold forever and are looking to realise gains this cycle, I think cashing out at least partially is a reasonable move.

Well cashing out should have happened when the price is still around the $116k-$120k, at least if there are investors who are also good at making charts they could have at least see this and could have validated.

So I don't know if this is the right time to cash, maybe some, but not all of our stash, could be a good 20% or at least 30%? Perhaps. It's up to the investors mindset, HODL a little longer could be what most of us have still in mind as it's too early to say that we are in the bear market.

[cxtreenal]

And we will continue predicting even though the prediction is not happening to our prediction now, but is  happening to other people prediction either to buy from the bearish season or sell from the bullish season, In this month of August, we have see all time high (ATH) from the beginning of the month that made some predictors think it will continue till the end of the month, but what they saw when the price of bitcoin decreased to $109k few days ago, make some of them confused because their prediction didn't come through but that will not make them to stop predicting daily, weekly and monthly because they know how prediction work.

don't you know that some people predict Bitcoin without making a research that is why we are having a continuous wrong prediction in this platform, because most of the people who predict the price of Bitcoin does not make the necessary research to know if the price is going to be something that is going to reflect or not in Bitcoin price, but they will move forward by tendering their prediction ideas in this platform which is totally wrong, some people who are here take some predictions serious as I something that is going to manifest and at end it becomes a wrong prediction

Basically, Bitcoin is unpredictable and predictions can be right or wrong, so that is normal. But the problem is that people don't do any research or analysis, and most just make predictions based on their own emotions and desires. That is why most predictions are wrong and many are somewhat exaggerated like many people believe bitcoin will hit $500k in this cycle. Or many delusional predictions that bitcoin will reach 3 million, 5 million in the future but no one has provided convincing analysis.

Based on previous analysis I expect its price to continue to climb higher from next month and may cross another ATH by the end of next month. I think Bitcoin price will continue to break several more records in terms of price growth until November. My guess may not be correct but by analyzing the price fluctuations of the past few years my guess is likely to be correct. With the volatility of Bitcoin price in the third quarter of the year investors should be careful and patient in accumulating because the bull run will start soon.

[Marvell1]

Could this be it lads? Is this just a pull back or are we in the bear market?
The chart for the last month:



In the 2021 cycle, we reached the peak around 1.5 years after the halving. The last halving was on 19th April 2024, 1.5 years from there would be 19th October, so we're less than 1.5 months away from that.
The 2013 and 2017 cycles were shorter than 1.5 years. This could be interpreted as there is no guarantee of the "minimum" 1.5 years or as the bull market period getting longer with each cycle.
For those who don't intend to hold forever and are looking to realise gains this cycle, I think cashing out at least partially is a reasonable move.

But if I remember correctly the bear season of 2018 started with the collapse of ponzi projects like bitcoinnect, hextracoin. The 2022 bear season is due to the collapse of FTX, Luna and along with that inflation hitting a 40 year high due to covid. That means there must be some good reason for bear season to start. But with what's going on, institutions and companies continue to pour money into bitcoin and many other altcoins, countries are planning to set up bitcoin reserve funds...Everything looks so good that I can't really think of any reason to start bear season.

[pawel7777]

Well cashing out should have happened when the price is still around the $116k-$120k, at least if there are investors who are also good at making charts they could have at least see this and could have validated.

So I don't know if this is the right time to cash, maybe some, but not all of our stash, could be a good 20% or at least 30%? Perhaps. It's up to the investors mindset, HODL a little longer could be what most of us have still in mind as it's too early to say that we are in the bear market.

Everyone is an expert in retrospective analysis. But when BTC was tranding above $120k no one knew if this is the top or are we going to $130k and above.
Similarly here. If someone hasn't (partially) cashed out above $120k doesn't mean they cannot do it now. Hitting the very top of the cycle is close to impossible. The decision should be made upon evaluating the risk of the end of the bull market. If you assess the risk is not insignificant, it makes sense to secure some profits now rather than have an "all-in" approach.

[ChocolateBitcoinK]

August prediction or each of the month prediction of Bitcoin has been something that we have been doing since we join the forum I think that some persons are getting tired of such predictions and so many of such predictions of months has failed many people and that is why nobody is developing or having the interest to make a such strength of monthly prediction of Bitcoin

And we will continue predicting even though the prediction is not happening to our prediction now, but is  happening to other people prediction either to buy from the bearish season or sell from the bullish season, In this month of August, we have see all time high (ATH) from the beginning of the month that made some predictors think it will continue till the end of the month, but what they saw when the price of bitcoin decreased to $109k few days ago, make some of them confused because their prediction didn't come through but that will not make them to stop predicting daily, weekly and monthly because they know how prediction work.

The Bitcoin market is unpredictable and unpredictable, it always moves with volatility and no one can say when it will go to what level, no one's predictions are certain. I can think without any hesitation that Bitcoin will cross $150K this month, you can think without any hesitation that Bitcoin will cross $140K this month, someone else can think without any hesitation that Bitcoin will cross $200K this month, but is there any guarantee that our prediction will definitely happen? No one has such a guarantee, no one can really say when the market will behave, Bitcoin often fluctuates its price against our expectations, which is normal. So the key here is to be patient and maintain a long-term mindset, in the short term it never moves according to our expectations and that is why we should not think about short-term profits, most of the time we will have to face more losses if we make such decisions.