How Will Bitcoin Perform in August ?

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As per on-chain analytics firm Santiment, the NVT model is signaling a neutral trend that hints that the Bitcoin price will enter the consolidation Phase.

According to Santiment "August can move either direction," which means either the price continues upward or move downward in August.

Nexo co-founder Antoni Trenchev stated that With additional bouts of volatility likely, August "promises to be every bit as stomach-churning for Bitcoin,"