Ask Leo: Should we hoped for more Bullish market in the new month of August?

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It is no news that the crypto market has been lingering in the bear market for some time now as every investor is making used of the best method to keep their portfolio safe.

But the month of July started to be a bit different as we started noticed some green candles light in the crypto market. Remember that the coin leader BTC went as low as $18k with other coins falling down trend as well. Even the Hive couldn't be exemption as it went as low as $0.3 and stay their for months.

But lately the crypto market begin to experience another bullish market movement. Some have said that it's a bull trap, may be they think the bear market is not yet over. But as the month of July is nearly coming to an end, a rapid rise can be noticed from the coin leader Bitcoin with other coins and this has started to get noticed by many investors.

The recent market rise has seen the coin leader Bitcoin gaining some momentum and is presently now trading at $24k with other other coin also in rise including Ethereum. The hive coin is also now trading at $0.54 and the market uptrend is really a boost to the investors as this will up their morale since they have invested heavily in to the crypto space.

I think the month of July is favourably for the crypto space as well the market uptrend continue to build up till the last day.

But the question is will the month of August will also be favourably for the crypto market? Will the bullish movement continue in the new month or fall down back?

I believe that no one knows what will actually happened but we can just assumed. Thou it will be great to see the market continue to bullish in the new month of August and I really hope it will. But let's wait and see.

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Posted Using LeoFinance Beta

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Bang, I did it again... I just rehived your post!
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