Please note that this analysis reflects my individual research and should not be construed as financial advice. The month of August may hold surprises for the cryptocurrency market.
Bitcoin (BTC) has reached a price point of $63700, marking the beginning of a new weekly candle. Initial indications suggest a bullish trend for the week. However, the weekly closing candle appears ominous, hinting at a potential market downturn. This could be the final significant correction of the year for alternative cryptocurrencies like Bake, EOS, ADA, and XRP, which are currently dormant but hold potential for growth. Alternatively, new coins like ARB, JUP, SEI, MANTA, and COMBO may emerge as attractive investment opportunities.My personal investment strategy involves acquiring a specific coin at a price point below $0.056, which has yielded a 22% profit thus far. I anticipate a potential further dip in price, which would present a buying opportunity. #SOFR_Spike #ETH_ETFs_Approval_Predictions #Megadrop #SOFR_Spike #CPI_BTC_Watch