Bitcoin will go on a roller coaster ride in August 🚆
Coinbase analysts warn that August could be a month of increased volatility for Bitcoin.
This month, liquidity in the market is decreasing, which can lead to dramatic price fluctuations📉
Historically, in August, Bitcoin loses value by an average of 2.8%, and trading volume falls. So get ready for an exciting ride! 🎢
In the short term, the Bitcoin rate is expected to be in the range of $61,000-$70,000, and a fall below $55,000 is unlikely to happen.#BTC