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Based on this analysis, there is anticipation in the broader crypto community that August is going to be bullish. Some analysts say the bullish pattern will extend to altcoins such as Ethereum, Shiba Inu and XRP, among others. Currently, Bitcoin has rebounded positively after the dip it suffered following sales of BTC by the German authorities, which caused a bearish trend on the market for a while. However, Bitcoin has managed to surge more than 12% within a single week with ais also bullish about the digital asset. In a recent post on X, he shared a graph of Bitcoin’s progress against other assets, including gold.