Best Crypto to Buy Now? Bitcoin Price Predicted To Struggle In August
Has the August curse returned? After a small upward move in August, Bitcoin quickly hit resistance as long-term holders began selling to lock in profits, indicating that institutional investors have become less interested or more cautious.
Adding to this, recent on-chain data shows dormant whales moving roughly 3,000 BTC. What’s more, an increase in taker sell volume in the futures market further highlights the shift in sentiment.
Together, these signs show that investors are becoming more cautious and less confident in further price gains. As if that wasn’t enough, spot Bitcoin ETFs, which usually hold firm, saw heavy outflows.
1/ Is August cursed for Bitcoin?
The data says yes. The community swears by…
