August was a challenging month for the crypto market, with overall market capitalization dropping to a six-month low of $1.96 trillion, largely due to what analysts dubbed "Black Monday." During this downturn, Bitcoin (BTC) saw a sharp decline, falling from $68,000 to around $49,000, sparking concern among bullish investors.
Despite the turbulence, market expert Lark Davis believes the choppy sideways price action could soon come to an end. He anticipates a potential surge in the fourth quarter as bullish factors begin to align, giving hope to those waiting for a turnaround.
Davis recently suggested that the next 3-4 weeks could be a final opportunity for investors to buy cryptocurrencies at discounted prices, hinting at a possible rally in the near future.
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