When experts say that Bitcoin could drop to $105,000 but is already rising again, does that mean it's time to sell everything or to buy more? 🤯
Family! What's up with this August coming for Bitcoin? It seems that the month doesn't treat the king of cryptos well. Historically, August has been a month of losses, with an average drop of 11.4% since 2017. 📉 And now, analysts are on high alert because they see that the price of Bitcoin could drop to $105,000. But don't worry! This is not the end of the world.
It turns out that, despite this forecast of a downturn, Bitcoin just made a master move: it recovered from a weekend drop and re-entered a 'bull flag' pattern. This is like when a boxer takes a hit, staggers, but gets up stronger. 💪 Currently, the price is above $114,000, which is a sign that there are people (and companies, hopefully!) who still believe in its power.
In addition, a Japanese company called Metaplanet just bought a fortune in Bitcoin (more than 53 million dollars) at a price slightly higher than the current one, showing that they have faith in Bitcoin's future. 🇯🇵 This is a mega-boost for the market and gives confidence to those who are doubting.
So, while some predict a drop, others are buying like crazy and believe we could see a strong rebound, even reaching $118,000 or up to $125,000. The point is that the community is on the lookout because resistance is at $115,000. If we manage to break that barrier strongly, hold on tight!
So, what do we do? The key is to stay alert. Next week will be the one that decides whether Bitcoin continues its bad streak in August or breaks the mold and gives us joy. What is certain is that the market is in a tense moment.
Do you think this August will be the exception to the rule, or will Bitcoin give us a scare before continuing to rise? 🧐$BTC
