Bitcoin ends record month at $115k with BTC price set for 'vertical' August

Bitcoin's Historic Close Ignites Hopes for a 'Vertical' August

Bitcoin (BTC) just made history, logging its highest-ever monthly close at an impressive $115,800. This milestone signals a powerful end to July and sets the stage for what analysts predict could be an explosive August, drawing parallels to previous post-halving surges.

Decoding the Market Signals: Dip as a Bullish Retest

Despite a brief, last-minute dip below $115,000—influenced by broader macroeconomic events like new U.S. tariffs—expert sentiment remains firmly bullish. Analyst Mags interprets this pullback as a classic bullish retest of a key technical pattern, specifically an inverse head-and-shoulders neckline. This formation, if confirmed, points to a potential target of $172,000 for BTC, representing a substantial 50% increase from current levels. The message is clear: "It’s just a matter of time before Bitcoin price goes vertical."

August's Post-Halving Promise: Historical Precedent for Gains

While August can be a mixed bag for Bitcoin's average monthly performance, post-halving Augusts are a different story entirely. Historical data reveals a compelling pattern of significant upside following halvings: a 30% gain in 2013, a remarkable 65% surge in 2017, and a solid 14% increase in 2021. This consistent trend suggests that the current post-halving cycle could see a strong repeat, aligning with analyst Alpha Finder's view that "In 2017 and 2021, $BTC did massive returns in the month of August."

Your Playbook for the Next Run: Accumulate Strategically

With Bitcoin maintaining stability within its $115,000-$121,000 range and multiple indicators pointing towards a larger breakout, the prevailing expert outlook is overwhelmingly optimistic. Michaël van de Poppe, a respected crypto trader, emphasizes that market corrections like the recent dip are opportune moments. He advises, "The markets have started correcting, which means that it’s time to accumulate your next positions for the next run." He anticipates August could be a period of stabilization, preceding a renewed upward trajectory for both Bitcoin and altcoins. This powerful insight offers actionable advice: consider using this window to assess your portfolio and strategically accumulate assets. Aligning with these historical patterns and current expert projections could position you for significant gains in the coming weeks and months. Always conduct your own research to make informed decisions in the dynamic crypto landscape.