key takeaways:
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Bitcoin hit a record monthly at $ 115,800 on 31 July.
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Analysts left the price below $ 115,000 as a rapid RTEST.
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Strong BTC benefits can be seen in August, as post -halling years have historically seen 14% -65% returns.
Bitcoin (BTC) on Thursday made history after BTC/USD achieved its highest monthly close.
Bitcoin completed the best month ever
Cointelegraph Markets Pro and TardingView’s data confirmed that Bitcoin closed its latest monthly at $ 115,800 on coinbase on coinbase.
Despite the fall in the final price of BTC due to macroeconomic valuation, the move came and the bulls closed all the first above a point of $ 115,000.
Connected: Bitcoin fills July cme gap for $ 104k BTC price target ‘
US President Donald Trump submerged the Wall Street Trading Session on Thursday after formalizing one billion of new tariffs and trade deals, including 25% to 35% hiking tariffs in Canada.
The market says the trade war has lost all credibility:
Presidency Trump decorated randomly to increase tariffs on Canada from just 25% to 35%.
At the top of it, he Vietnam, Switzerland, South Africa, Taiwan, Cambodia, Thailand, Malaysia,…
– Coby letter (@kobeissiletter) August 1, 2025
The US inquiries ended the day, expanding their four -day fall to close the day at 6,339 on Thursday with the S&P500.
The Crypto Market Fear and Greed Index dropped by 10 points, but according to the data of Fear and Greed Meter, the “greed” lives at 65 in the zone.
However, reacting, market analysts believe that bitcoin’s uptrend remains intact.
Popular analyst Mags said that the $ 115,000 declines on Thursday was a rapid retract of the head-sholder’s neckline before continuing the BTC.
The measured target of this pattern on the weekly chart is $ 172,000, or an increase of 50% from the current price.
“It’s a matter of some time before the price of bitcoin is vertical,” Mags said in a Thursday post on X.
Crypto traders, analysts and entrepreneurs Michael van de Popp were equally bullying on a long -term approach.
The markets have justified, “which means this is time to accumulate your next position for the next run,”
“Perhaps August is a month of stabilization, and we will return to altcoins and bitcoins later in the month.”
Despite the correction, the BTC lives with $ 115,000- $ 121,000 quota, despite the correction, which suggests a largeoutout with several data points.
BTC price to see “massive tricks” in August?
BTC/USD thus expired to 8.13%on July, corresponding to historical value behavior, data per data from monitoring resource coating.
August, however, is well known as one of the bad performing months of bitcoin, with an average benefit of 1.61%. A repetition will end the month at BTC value year $ 117,600.
However, the post-hilling August is different, and each previous one has seen the Major upside down, in 2013, 2017 and 2021 with 30%, 65% and 14% profit, responsibility.
“Look at the Bitcoin Monthly Return,” analyzer Alpha Finder said in an X post of July 28:
“In 2017 and 2021, $ BTC returned extensively in the month of August.”
Another X user, Crypto B, agreed that the post-hilling year produces a strong August price performance, saying:
“If history repeats itself, get ready for a strong August.”
There are no investment advice or recommendations in this article. Every investment and trading film includes risk, and readers should do their research while taking decisions.
