Key takeaways:
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Bitcoin hit a file month-to-month shut at $115,800 on July 31.
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Analysts see value dropping beneath $115,000 as a bullish retest.
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August might even see robust BTC positive factors, as post-halving years traditionally see 14%-65% returns.
Bitcoin (BTC) has made historical past after BTC/USD achieved its highest month-to-month shut on Thursday.
Bitcoin completes greatest month ever
Information from Cointelegraph Markets Professional and TradingView confirms that Bitcoin closed its newest month-to-month July candle at $115,800 on Coinbase.
The transfer got here regardless of a last-minute BTC value drop as a result of macroeconomic volatility and gave bulls their first shut above the $115,000 mark.
Associated: Bitcoin fills July CME hole ‘to the greenback’ amid $104K BTC value goal
Danger property tumbled through the Wall Road buying and selling session on Thursday after US President Donald Trump formalized an array of recent tariffs and commerce offers, together with climbing tariffs on Canada from 25% to 35%.
The market says the commerce conflict has misplaced all credibility:
President Trump simply seemingly simply randomly determined to lift tariffs on Canada from 25% to 35%.
On prime of this, he imposed “reciprocal tariffs” on Vietnam, Switzerland, South Africa, Taiwan, Cambodia, Thailand, Malaysia,…
— The Kobeissi Letter (@KobeissiLetter) August 1, 2025
US enquiries ended the day down, with the S&P 500 extending its four-day decline to shut the day on Thursday at 6,339.
The crypto market Worry & Greed Index dropped by 10 factors however remained within the “greed” zone at 65, as per knowledge from the Worry & Greed meter.
Reacting, nonetheless, market analysts imagine Bitcoin’s uptrend stays intact.
Common analyst Mags mentioned that Thursday’s drop to $115,000 was a bullish retest of an inverse head-and-shoulders’ neckline earlier than BTC continues its uptrend.
The measured goal of this sample on the weekly chart is $172,000, or a 50% enhance from the present value.
“It’s only a matter of time earlier than Bitcoin value goes vertical,” Mags mentioned in a Thursday submit on X.
Crypto dealer, analyst and entrepreneur Michaël van de Poppe was equally bullish on the longer-term outlook.
The markets have began correcting, “which implies that it’s time to build up your subsequent positions for the subsequent run,” van de Poppe mentioned in a Friday X submit, including:
“ Maybe August is a month of stabilization, and we’ll return up later within the month for Altcoins and Bitcoin.”
As Cointelegraph reported, regardless of the correction, BTC stays throughout the $115,000-$121,000 vary, with a number of knowledge factors suggesting a bigger breakout remains to be in play.
BTC value to see “huge transfer” in August?
BTC/USD thus ended July up 8.13%, in keeping with historic value conduct, per knowledge from monitoring useful resource CoinGlass.
August, nonetheless, is properly referred to as being historically one in every of Bitcoin’s worst-performing months, with common positive factors of 1.61%. A repeat would see BTC value finish the month at round $117,600.
Nonetheless, post-halving Augusts are completely different, and each earlier one noticed main upside, with 30%, 65% and 14% positive factors in 2013, 2017 and 2021, respectively.
“Take a look at the Bitcoin month-to-month returns,” mentioned analyst Alpha Finder in a July 28 X submit, including:
“In 2017 and 2021, $BTC did huge returns within the month of August.”
One other X person, Crypto B, agreed that post-halving years produce robust August value efficiency, saying:
“If historical past repeats itself, prepare for a powerful August.”
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a call.
