Last July was a crazy month for Bitcoin, it skyrocketed to a new all-time high of around $123k. But then it took a big hit, dropping down to $112k. Right now it's sitting at about $114k, which is a slight bounce back.
So, I'm thinking we might actually see Bitcoin push up to $130k by August. What do you all think?
I am emotionally stable believing the bull is still on with my portfolio on good condition. Since the price falls, I have made few times purchase especially at the red line at $112K when those unstable emotional investors were selling due to FOMO.
I took advantage on the DIP and bought more with the believe that Bitcoin price will rise again with the potentiality of seeing more ATHs.
True we have seen the $123K ATH but while we might be anticipating for other ATH I would not know when it will come but with how new institutions are proposing to adopt the strategy concept and the news about federal reserve proposal such as that of Indonesia, in a short term we might probably see the green lines at the end of this August or begining of September again like it happen from the early time of July. There are also investors who had bought hugely amount of Bitcoins at this DIP whose potentials can drive the price of Bitcoin to pump.
However, I am only being optimistic but not on panic to sell so soon.
It depends on what happens now. Bitcoin has resistance at $118000 already, it has a resistance now at $115000, all the way from $120000. Bitcoin needs to break these resistance. If bitcoin can get to $124000, I will expect the price to go high further. I also like the fact that it is showing support around $112000.
But I am not really sure of what will happen next but I still think bitcoin can go a bit higher.
I try to maintain a positive mindset concerning Bitcoin price despite it's high volatility rate but I don't think it would get to the $130k mark. I feel that if it should gain in price, it would rise back to the ATH we last saw it. According to analysts and speculators, August isn't always a great month for it's price so let's see if this time around would be different.
Bitcoin price increase is not consistently happening every month so theres no guarantee or basis that it will hit 130k this August.
In fact, price usually enter indecision phase right after the price already corrected from ATH that sometimes take many months or years before it will move again to new ATH.
Although the price is still above previous ATH before the 123K so theres still possibility on your prediction but not that high.
There is no denying the fact that bitcoin market is always known to be ranging when the market has attained a new ATH and this usually take sometime due to some investors actually taking profits and the market usually needs more momentum to be added back to pump the market and attempt a new high, this can take weeks or even months depending on the market sentiment then. For this current market sentiment I dont think the new ATH will take up to two months to actually get attained.
Currently the market seems to be holding off the support at exactly $112k and the secondary resistance at just above $115k before we head to the primary at $118k. Relative to OPs question of whether we can reach $130k this month I will say it is very much possible, I predict after looking at the August chart for years like this that the market is supposed to be bullish and any price above $120k will be bullish and might make $130k attainable depending on the news that breaks out this month
Well, it depends. It seems that if Trump continues to confuse the markets with his tariffs or sending nuclear submarines around the world, it will continue to negatively affect the markets, and in this sense, there does not seem to be any decoupling between the bitcoin market and the other markets recently. Although if I want to be optimistic, it is a less than 20% upside, and bitcoin can rise that much in a good week. Right now, I'm 50/50.
I even though that from your own speculation, you're going to say that its going to be around $250,000 as some have been speculating, anyway, this may not be anytime soon, we still have some months before the year ends, but as for this month, we should be expecting probably close to $150,000 if at all the market will rise this month of August to all time high, lets keep an eye on these as the market performs.
We disagree about August, where there will be no ATH formation. This month will focus on price consolidation, which I usually refer to as price support formation or sideways movement. Structurally, Bitcoin will do this above $110k, which is an important opportunity for those who do not yet own Bitcoin to add to their Bitcoin wallets. Then we will experience the early signs of an increase from September to December, where we will continuously form a new ATH.
The thesis is twofold: first, a rate cut, and second, the end of the four-year Bitcoin cycle. This will be the most sensational momentum and trigger global FOMO with the highest search volume. IMO
If Bitcoin can reach $120k in the coming weeks, maybe what you said could happen. It's just that I'm not quite sure the $130k target can be achieved by the end of the month.
The price may experience an increase at the end of this month, but if the situation with Bitcoin in the coming weeks still moves sideways, we may not reach the $130k target.
It is my wish also that Bitcoin will hit new ATH at $130k and even surpass it but wishes alone cannot activate demand and supply in the market, we can only be hopefully and accept whatever price we see at the end of August. I believe that we are still in the bull run therefore my expectations are quite high to see more ATH after every little setbacks, what we need is more positive news since it is clear that it is a major fundamental that dictates Bitcoin price. Whatever happens in this August, whether we see $130k or not I just hope that we don't enter bear run anytime soon.
I'm not sure Bitcoin will reach 130k this August as Trump has reintroduced his tariffs. Another reason is that if you look at Bitcoin history in previous years, the price tends to show no significant increase in August or sometimes even quite weak, with many red lines. This pattern may repeat itself but since there's no guarantee, your hopes may be met this month. Regardless I'll still buy because my target is still far away.
Anything can happen in the market from now till the end of August. Trump wants to replace Jerome Powell because he refuses to cut down rates. If that is achieved, I believe that the new SEC will definitely cut down rates and that will boost investors confidence to buy more bitcoin. If that happens in August, we might see bitcoin price move above the new ATH of $123k.
However, if $130 is not achieved the month, we will see that price in September.
There is no signal of a possible bullish move in this month of August so i don't think that $130K can happen this month. If you had given any analysis or chart that shows a possible bullish signal, i could have agreed that the price can rise to $130k before the end of the month. The Trump's Tariffs effects have started again to affect the market price of bitcoin since the beginning of this month, i think we should be expecting the price to start rising probably from next month, if your speculation was for next month, it could have been achievable but for this month i doubt it could get to $130k.
Because the price of BTC has increased to $114k make you feel or guess the price will reach $130k in this month of august right? We all know that the bull run started early last year if am not mistake before the price of BTC hit $123k this year 2025 which is the highest price Bitcoiners have seen in the market since the creation of BTC.
And $123k will be the highest price before the bear market will take over for Bitcoiners to begin to see bear market that will encourage majority of buyers to visit the market to buy. I'm not saying $130k will not going to hit the market but it will not be this month of august or this year 2025, because bear market will occur to run for long months or year before bull market will occur again.
My thought is that we don't know and can't tell what the price of Bitcoin will be in August, do your speculations and hold to the thought, while allow the market play its part. Something about Bitcoin price movement is that all our guesses can be wrong, you expected a positive movement for August, how about seeing the market drop below current resistance level, probably going below $110K.
We haven't reached the peak of ATH, if we need to get to the peak it has to pass through stages of bull runs and price drops, coming with a bit of support and resistance level before making another movement for a different ATH.
How can you tell when you can't predict the market? Do you think the season will be ending with ATH of $123K, your conclusion comes in too fast, if we are painting the future of how next months will be for Bitcoin it will come with a better all time price.
Indeed, if you see the price of Bitcoin at this time in August at the level of $115K it means it takes $15k to reach $130k, normal speculation, easy for Bitcoin to rise $15k a night.
However, I was also looking for speculation that led to the level of $130K this month, but I did not find it, but I speculated the price of Bitcoin for $130K there was a possibility that at the end of this year, in the estimated between Nov and DES months, entering 2026 there would be a decline, that was my speculation.
The point is that I'm not sure the speculation of Bitcoin prices in August can penetrate to the level of $130K.
Not impossible, this could very well happen.
Yes, I am aware that it's far away from it right now, but it is not there yet and we will not see it at the moment.
We should see this as a way to get different. It's quite clear that we are going to see this be a lot different on the long run and could be very important for all of us. If we can do it then we can be sure that it is going to be a great period.
What we are seeing at the moment is very important and very good. We need to just focus on how to get better results by holding this month. Reaching from 113k to 130k isn't that hard for bitcoin, those type of increases happens all the time and it can get a lot better results, so it is not really that weird, we can make it happen.
I am not at all sure if Bitcoin will reach $130k in August. I even have doubts about how useful August is for price growth. From previous statistics, Bitcoin has not seen much pumping in August and September. In the meantime, Trumps tariff events could cause market volatility.
It is not possible to say anything for sure yet, but I am skeptical about August and September. Maybe we will see a big pump in October and create multiple ATHs. It is a bit difficult to see green candles this month, especially when it comes to big ATHs.
Price support is at $112,000. Today, within hours, the price movement or chart formation hasn't strayed far from the current price at the time of this post. This is only the first week, and the price is still below $117,000. Of course, one could argue that this is impossible based on price volatility, but I have an analysis that the price in August will not set a new all-time high or surpass the previous high of $123,000.
There's another consideration I'm looking at regarding market performance this August, especially the first week: there's a possibility that Bitcoin's monthly returns, based on the data available on coinglass.com, will differ from previous years.
However, all of this requires data and analysis, although anyone can leave a price prediction here.