Bitcoin Posts Record Monthly Close as Analysts Suggest Potential for Strong August Gains

• Bitcoin closed July at a record $115,800, marking its best monthly performance.

• Market experts view dips below $115,000 as bullish retests supporting further upside.

• Historically, August post-halving months have delivered BTC returns between 14% and 65%.

Bitcoin hits historic monthly close at $115,800 with strong August gains expected post-halving. Stay informed with expert BTC price analysis and market trends.

• Bitcoin’s record monthly close highlights renewed bullish momentum in the crypto market.

• Despite macroeconomic volatility, BTC price resilience signals investor confidence.

• COINOTAG analysts emphasize August’s potential for significant BTC price appreciation based on historical data.

Bitcoin sets new monthly record at $115,800; post-halving Augusts historically show strong BTC gains. Explore expert insights and market analysis on COINOTAG.

Bitcoin Completes Best Month Ever with Historic Close

Bitcoin closed July 2025 at $115,800, marking its highest monthly close in history according to data from Coinbase and TradingView. This milestone occurred despite last-minute price fluctuations driven by macroeconomic factors, including escalating trade tensions. The close above $115,000 is a significant psychological barrier, reinforcing bullish sentiment among investors.

Market volatility was influenced by recent US tariff hikes, yet Bitcoin’s resilience underscores its growing role as a digital asset hedge. The Fear & Greed Index remained in the “greed” zone at 65, reflecting sustained market optimism despite external pressures.

How Do Analysts Interpret Bitcoin’s Recent Price Action?

Leading analysts interpret the recent dip below $115,000 as a bullish retest of key technical levels. The inverse head-and-shoulders pattern on the weekly chart suggests a potential price target of $172,000, representing a 50% upside from current levels. Analyst Mags highlighted this pattern as a precursor to a vertical price surge, reinforcing confidence in Bitcoin’s upward trajectory.

Crypto expert Michaël van de Poppe echoed this optimism, advising accumulation during the current correction phase. He anticipates stabilization in August followed by renewed gains for Bitcoin and altcoins, aligning with historical market cycles.

What Is the Outlook for Bitcoin Price in August?

Historically, August is one of Bitcoin’s weaker months, averaging a modest 1.61% gain. However, post-halving Augusts have consistently bucked this trend, delivering substantial returns of 30%, 65%, and 14% in 2013, 2017, and 2021 respectively. This pattern suggests August 2025 could witness significant BTC price appreciation.

Analyst Alpha Finder emphasized the historical strength of August in post-halving years, while Crypto B forecasted a strong month ahead if historical patterns repeat. These insights provide a data-driven basis for anticipating a bullish August for Bitcoin.

Why Do Post-Halving Years Influence Bitcoin’s August Performance?

Bitcoin halving events reduce the rate of new BTC issuance, tightening supply and often triggering increased demand. This supply shock typically leads to price rallies in the following months, including August. The post-halving effect is a well-documented market phenomenon, supported by data from previous cycles, making it a critical factor for traders and investors to consider.

Frequently Asked Questions

What factors contributed to Bitcoin’s record monthly close in July 2025?

Bitcoin’s record close was influenced by strong buying momentum, key technical support levels holding firm, and positive market sentiment despite external economic pressures such as trade tensions.

Is August a good month to invest in Bitcoin based on historical trends?

Yes, especially in post-halving years, August has historically been a strong month for Bitcoin, with notable price increases driven by supply constraints and renewed investor activity.

Key Takeaways

• Record Close: Bitcoin closed July 2025 at an unprecedented $115,800, signaling strong market momentum.
• Technical Bullishness: Analysts identify bullish retests and chart patterns pointing to potential price targets above $170,000.
• Post-Halving Strength: Historical data shows August post-halving months yield significant BTC gains, suggesting a promising outlook.

Conclusion

Bitcoin’s historic monthly close at $115,800 and the strong post-halving August trend underscore a bullish market environment. With expert analysis supporting continued upward momentum, investors should watch key technical levels and historical patterns closely. COINOTAG will continue providing timely updates as the market evolves.

Bitcoin (BTC) has made history after BTC/USD achieved its highest monthly close on Thursday.

BTC/USD monthly chart. Source: Cointelegraph/TradingView

Bitcoin completes best month ever

Data from Cointelegraph Markets Pro and TradingView confirms that Bitcoin closed its latest monthly July candle at $115,800 on Coinbase.

The move came despite a last-minute BTC price drop due to macroeconomic volatility and gave bulls their first close above the $115,000 mark.

Risk assets tumbled during the Wall Street trading session on Thursday after US President Donald Trump formalized an array of new tariffs and trade deals, including hiking tariffs on Canada from 25% to 35%.

The market says the trade war has lost all credibility:

President Trump just seemingly just randomly decided to raise tariffs on Canada from 25% to 35%.

On top of this, he imposed “reciprocal tariffs” on Vietnam, Switzerland, South Africa, Taiwan, Cambodia, Thailand, Malaysia,…

— The Kobeissi Letter (Twitter) August 1, 2025

US enquiries ended the day down, with the S&P 500 extending its four-day decline to close the day on Thursday at 6,339.

The crypto market Fear & Greed Index dropped by 10 points but remained in the “greed” zone at 65, as per data from the Fear & Greed meter.

Fear & Greed Index data. Source: Feargreedmeter.com

Reacting, however, market analysts believe Bitcoin’s uptrend remains intact.

Popular analyst Mags said that Thursday’s drop to $115,000 was a bullish retest of an inverse head-and-shoulders’ neckline before BTC continues its uptrend.

The measured target of this pattern on the weekly chart is $172,000, or a 50% increase from the current price.

“It’s just a matter of time before Bitcoin price goes vertical,” Mags said in a Thursday post on X.

BTC/USD weekly chart. Source: Mags

Crypto trader, analyst and entrepreneur Michaël van de Poppe was equally bullish on the longer-term outlook.

The markets have started correcting, “which means that it’s time to accumulate your next positions for the next run,” van de Poppe said in a Friday X post, adding:

“Perhaps August is a month of stabilization, and we’ll go back up later in the month for Altcoins and Bitcoin.”

As Cointelegraph reported, despite the correction, BTC remains within the $115,000-$121,000 range, with multiple data points suggesting a larger breakout is still in play.

BTC price to see “massive move” in August?

BTC/USD thus ended July up 8.13%, in line with historical price behavior, per data from monitoring resource CoinGlass.

BTC/USD monthly returns. Source: CoinGlass

August, however, is well known as being traditionally one of Bitcoin’s worst-performing months, with average gains of 1.61%. A repeat would see BTC price end the month at around $117,600.

However, post-halving Augusts are different, and every previous one saw major upside, with 30%, 65% and 14% gains in 2013, 2017 and 2021, respectively.

“Look at the Bitcoin monthly returns,” said analyst Alpha Finder in a July 28 X post, adding:

“In 2017 and 2021, $BTC did massive returns in the month of August.”

Another X user, Crypto B, agreed that post-halving years produce strong August price performance, saying:

“If history repeats itself, get ready for a strong August.”