Bitcoin will not hit $50,000 in August

Bitcoin will not dip to $50,000 in August. Even after a short wobble that saw Bitcoin slip below $63,000 on August 1 and trade near $63,800 on July 31, the market will stop short of $50,000. Traders will point to whale wallet tracking that shows large buy orders between $58,000 and $47,000 and to h…