Key Takeaways:
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Bitcoin hit a record monthly close to $ 115,800 on July 31.
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Analysts see the price drops below $ 115,000 as a bullish retest.
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August can see strong BTC’s strong acquisitions, as post -halving years are historically seen 14% -65% return.
Bitcoin (Btc) will make history after BTC/USD achieves the highest monthly near Thursday.
Bitcoin completed the best moon ever
Data from Cointelegraph Markets Pro and Tradingview It is confirmed that Bitcoin has closed July’s latest monthly candle for $ 115,800 on Coinbase.
The move came across a last minute BTC price collapse due to macroeconomic volatility and gave the bulls their first close to the above $ 115,000 mark.
Related: Bitcoin fills the July CME gap ‘in dollars’ in the middle of the BTC BTC target price
Risk owners fell into a Wall Street trading session on Thursday after US president Donald Trump formalized a set of new tariffs and trade deals, including hiking tariffs in Canada from 25% to 35%.
The market says the trade war has lost all credibility:
President Trump seemed to be randomly decided to raise the tariffs in Canada from 25% to 35%.
In this regard, he imposed “Reciprocal Tariffs” in Vietnam, Switzerland, South Africa, Taiwan, Cambodia, Thailand, Malaysia, …
– The Kobeissi letter (@KobeissileTter) August 1, 2025
The US questions ended, with the S&P 500 extending a four -day refusal to close the day on Thursday to 6,339.
Crypto Market Fear & Greed Index dropped 10 points but remained in the “Greed” zone to 65, as per Data From the fear and greed meter.
However, market analysts believe that bitcoin uprising remains intact.
Popular analyst mags Says That’s Thursday Dropped to $ 115,000 is a bullish retest of an opposite head-and-shoulders’ neckline before BTC continues its climb.
The measured target of this pattern in the weekly chart is $ 172,000, or a 50% increase from the current price.
“It was only an hour before the price of Bitcoin was upright,” Mags said in a post on Thursday at X.
Crypto entrepreneur, analyst and businessman Michaël van de Poppe are equally bullish with a longer perspective.
Markets initiate correction, “which means it’s time to accumulate your next positions for the next running,” Van de Poppe Says In a Friday X post, adding:
“Perhaps August is a month of stabilizing, and we will be back later in the month for Altcoins and Bitcoin.”
As cointelegraph reportedDespite the correction, the BATC remains within $ 115,000- $ 121,000 range, with many data points suggesting a larger breakout is still playing.
BTC price to see the “massive move” in August?
BTC/USD ended in July to 8.13%, in accordance with history price behavior, each data from monitoring resource Coinglass.
August, however, is known as the traditional one of the worst functioning of Bitcoin, with an average acquired 1.61%. A repeat -the BTC’s price ends in the moon around $ 117,600.
However, post-halving Augusts were different, and each earlier saw the main reversal, with 30%, 65% and 14% acquired in 2013, 2017 and 2021, respectively.
“See Bitcoin’s monthly return,” Says Analyst Alpha Finder on a post of July 28 x, adding:
“In 2017 and 2021, $ BTC made a huge return in August.”
Another x user, crypto b, Sumang -ayon Those post-halving years produce strong August price performance, saying:
“If history repeats itself, prepare for a strong August.”
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
