🔍 Analysts predict a correction in the crypto market in August
August is traditionally considered one of the weakest months for cryptocurrencies. Experts from 'RBC Crypto' suggest that a decline in trading activity and price consolidation is expected in the first half of the month. Bitcoin (BTC) is trading around $118,000 as of July 30, and analysts predict a possible holding of the upper boundary at $123,500, with supports at $114,000 and $109,000. Ethereum (ETH) is also maintaining a stable position, fluctuating around $3,777, with key support levels at $3,500.
New legislative initiatives, such as the discussion of the CLARITY Act in the U.S. Congress, may create momentum for growth. If the law is passed, it could lead to market volatility and increase interest in crypto-ETFs.
Key events of the month include: The U.S. Federal Reserve Symposium and the Wyoming Blockchain Symposium, which may impact pricing.
🧠 However, experts also warn: 'Many are now waiting for a correction.' Don't overlook potential risks and stay informed about developments in the crypto market!
#cryptocurrency #bitcoin #Ethereum #forecast #investments #correction #крипторынок $BTC $SOL
