Bitcoin Historical Monthly Performance Could Shed Light on What’s Next for Crypto

Everyone has heard that history often repeats itself, and learning from the past is among the best ways to prepare for the future. The same goes for Bitcoin and crypto, and analysts often look at past bear and bull cycles to gain insight into how future price action may unfold.

According to historical Bitcoin monthly performance, and general market sentiment, the first-ever crypto is at a critical crossroads, and depending on how August performs, it could set the stage for the greatest bull run the world has ever seen, or it could send Bitcoin back down to the depths of the bear market once again.

August Will Confirm BTC Bull Market or Bear Trend Change

According to Wikipedia, the concept of “eternal recurrence” is the “idea that with infinite time and a finite number of events, events will recur again and again infinitely.” It was popularized by philosopher Friedrich Nietzsche who promoted the belief that accepting these recurrences, or “fate” was the key to happiness.