Bitcoin ends record month at $115K with BTC price set for 'vertical' August

2 weeks ago

Key takeaways:

Bitcoin deed a grounds monthly adjacent astatine $115,800 connected July 31.
Analysts spot terms dropping beneath $115,000 arsenic a bullish retest.
August whitethorn spot beardown BTC gains, arsenic post-halving years historically spot 14%-65% returns.

Bitcoin (BTC) has made past aft BTC/USD achieved its highest monthly adjacent connected Thursday.

Bitcoin completes champion period ever

Data from Cointelegraph Markets Pro and TradingView confirms that Bitcoin closed its latest monthly July candle astatine $115,800 connected Coinbase.

The determination came contempt a last-minute BTC terms driblet owed to macroeconomic volatility and gave bulls their archetypal adjacent supra the $115,000 mark.

Risk assets tumbled during the Wall Street trading league connected Thursday aft US President Donald Trump formalized an array of caller tariffs and commercialized deals, including hiking tariffs connected Canada from 25% to 35%.

The marketplace says the commercialized warfare has mislaid each credibility:

President Trump conscionable seemingly conscionable randomly decided to rise tariffs connected Canada from 25% to 35%.

On apical of this, helium imposed "reciprocal tariffs" connected Vietnam, Switzerland, South Africa, Taiwan, Cambodia, Thailand, Malaysia,…

— The Kobeissi Letter (@KobeissiLetter) August 1, 2025

US enquiries ended the time down, with the S&P 500 extending its four-day diminution to adjacent the time connected Thursday astatine 6,339.

The crypto marketplace Fear & Greed Index dropped by 10 points but remained successful the “greed” portion astatine 65, arsenic per data from the Fear & Greed meter.

Reacting, however, marketplace analysts judge Bitcoin’s uptrend remains intact.

Popular expert Mags said that Thursday’s drop to $115,000 was a bullish retest of an inverse head-and-shoulders’ neckline earlier BTC continues its uptrend.

The measured people of this signifier connected the play illustration is $172,000, oregon a 50% summation from the existent price.

“It’s conscionable a substance of clip earlier Bitcoin terms goes vertical,” Mags said successful a Thursday station connected X.

Crypto trader, expert and entrepreneur Michaël van de Poppe was arsenic bullish connected the longer-term outlook.

The markets person started correcting, “which means that it’s clip to accumulate your adjacent positions for the adjacent run,” van de Poppe said successful a Friday X post, adding:

“ Perhaps August is simply a period of stabilization, and we'll spell backmost up aboriginal successful the period for Altcoins and Bitcoin.”

As Cointelegraph reported, contempt the correction, BTC remains wrong the $115,000-$121,000 range, with aggregate information points suggesting a larger breakout is inactive successful play.

BTC terms to spot “massive move” successful August?

BTC/USD frankincense ended July up 8.13%, successful enactment with humanities terms behavior, per information from monitoring assets CoinGlass.

August, however, is good known arsenic being traditionally 1 of Bitcoin’s worst-performing months, with mean gains of 1.61%. A repetition would spot BTC terms extremity the period astatine astir $117,600.

However, post-halving Augusts are different, and each erstwhile 1 saw large upside, with 30%, 65% and 14% gains successful 2013, 2017 and 2021, respectively.

“Look astatine the Bitcoin monthly returns,” said expert Alpha Finder successful a July 28 X post, adding:

“In 2017 and 2021, $BTC did monolithic returns successful the period of August.”

Another X user, Crypto B, agreed that post-halving years nutrient beardown August terms performance, saying:

“If past repeats itself, get acceptable for a beardown August.”

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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