Bitcoin closed the monthly line yesterday, and the monthly line chart shows an interesting alternating pattern. Since March: March closed positive, April closed negative, May closed positive again, June closed negative, and July closed positive again.
If this cyclical alternation of positive and negative lines continues, will August also close negative? If August can reverse this expectation and close with a positive line, it indicates that market momentum may be accumulating and is ready to push prices further up.
If August does break the routine and close with a positive line, it will create favorable conditions for Bitcoin prices to challenge historical highs. Let's wait and see!
BTC
