BTC approaches the target of 116,000 USD with multiple events testing in August

[Chain News] PANews reported that an analysis agency pointed out that a month ago, a seasonal analysis based on contrary trends predicted that Bitcoin was expected to pump to $116,000, and this judgment has now been validated by the market. Current market sentiment is gradually turning optimistic, with multiple key events this week including the intensive disclosure of US stock earnings, the delayed release of the White House digital asset report, and the Fed interest rate decision, which may serve as new catalysts for market fluctuation. However, historical data shows that August and September are usually weak months for Bitcoin performance, with the average return rate in August close to zero over the past decade, and only three years recorded a rise. Analysts believe that many traders tend to lock in profits during this phase, and although bullish expectations for the year remain, the short-term market may enter a tactical consolidation period due to seasonal disturbances.