Bitcoin left the low phase and shot up. August had one of the best performances in years.
One of the many explanations is the weaker dollar. Historically, Bitcoin and gold usually benefit when the dollar loses strength.
Another point that calls attention is the public debt of the USA, that in August passed the US$40 trillion for the first time.
Alot of people seem be seeking assets that serve of protection against the growth of the debt.
We are seeing the beginning of a new bull market or only a temporary movement?
I am very happy for taking actions when Bitcoin was at 59k, now I took alot of profits at 87k to be precise, those who said this market can't be predicted don't that the right tools for it lol.
Market makers are playing their games again, and the latest is dragging retailers into the market again to make them feel like the bull market is starting, and they start to get liquidated.
Yesterday over 250k in dollars was liquidated on longs, I knee that was coming lol, now we are likely going back to 72k before moving up again, will probably be the last buying opportunity too.
The best solution is to never take a side, DCA when you can and always have some dollars kept aside for buying the dips.