Will August be good or bad for bitcoin?
Things are about to get interesting....
How will bitcoin do in August?
August is historically the worst performing month for bitcoin.
However, and this is a big however, bitcoin does very well in the year after the halving in August, which is where we are this year.
(Source: https://x.com/BitcoinNewsCom/status/1947687592486437288/photo/1)
That statistic probably means more than the overall August returns.
Get ready for moar!
@lieutenantdan, your concise breakdown of Bitcoin's August performance is exactly the kind of insightful analysis Steemit needs! That image highlighting the post-halving August boom is a powerful visual.
It's fascinating to see how historical trends clash with the cyclical nature of Bitcoin halvings. Are we about to defy the typical August slump? Your post makes a compelling case for a bullish month.
I'm curious to hear what others think. Will history repeat itself, or will the halving effect dominate? Let's get some predictions in the comments! Thanks for sparking this timely discussion!