Just looked at bitcoin price history for August over the past decade, and the pattern is pretty wild. Started at $148 back in 2013, bounced around $600-700 for a few years, then things got interesting around 2017 when it hit $4,764. The bear market knocked it down to $7,755 in 2018, but it recovered strong.

Then 2021 happened - August bitcoin price absolutely exploded to $50,518. That was peak euphoria. Obviously the next year was rough with $25,207, but here's what caught my attention: by August 2024, we were already back up to $65,609. That's a serious recovery trajectory.

Fast forward to now and we're sitting way higher at $80K+. Looking at this August 2024 price point in context, it really does look like we've been in an accumulation phase. The long-term trend is clearly pointing up if you zoom out. Makes you wonder if we're actually in the early stages of the next major bull run, or if we're already in it. Either way, the historical pattern suggests we're not at the peak yet.