Bitcoin set for strong August after historic monthly close

Despite a late dip, Bitcoin’s uptrend remains intact, with targets as high as $172,000 on the horizon.

Bitcoin closed July at a record $115,800, with analysts predicting strong gains in August based on historical post-halving trends.

Bitcoin finished July with its highest monthly close in history, settling around $115,800 on Coinbase. The milestone came despite a late dip linked to global economic volatility, including recent US tariff increases.

Market analysts view the drop as a bullish retest, signalling continued strength in Bitcoin’s uptrend.

Historical trends highlight August as a mixed month for Bitcoin, usually yielding modest gains. However, post-halving Augusts stand apart, with significant price surges seen in 2013, 2017, and 2021.

Analysts like Alpha Finder and Crypto B point to these patterns as reasons to expect strong performance this August.

Technical indicators suggest Bitcoin’s price could soon accelerate sharply, with some analysts forecasting a target near $172,000 — a 50% rise from current levels. Traders should expect some volatility, but Bitcoin’s outlook remains positive for the coming months.

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