Bitcoin price predictions for August.

[Sim_card]

Happy new month to you all and from the topic it is clear what this thread is all about. I want to hear what are your speculations of bitcoin price this month. Will it be that we will see bitcoin at 70k price and above by the end of August or we will still see the price being 60k-ish.

I will go first, the month of August might be a month for bitcoin price to reach 70k and above but with the way the price is flaunting, I can't tell if the price will be at 70k or above without correction. We have seen it last week when the price reached 70k but corrected back to 64k as I am typing this post.

[bitterguy28]

Happy new month to you all and from the topic it is clear what this thread is all about.

happy new month i am interested to see what kind of events will occur related to bitcoin and how it can possibly affect the market

Will it be that we will see bitcoin at 70k price and above by the end of August or we will still see the price being 60k-ish.

we might have to wait for a few more weeks before we see bitcoin to reach and break a new ath i say that this is the best time for us to keep accumulating as the price will rise very soon

[armanda90]

Related many good news for this month I am expected bitcoin will break out above $70k but recently many unpredictable moment happening linked with bitcoin until price getting dump.
Usually bitcoin price have good trend for August but when unpredictable bad news coming make its difficult for bitcoin return to uptrend moment and most correction exactly in two days of this month.

Current bitcoin have dropped, we need patience waiting in the middle this month how possibility for bitcoin get recovery or not and bad possibility waiting until at the end of this year for bitcoin get up to higher price.

[Lucius]

We mere mortals can only guess and read the news, those who can influence the price do it from the background and always wait for the right moment to profit. It is possible that this month will not be any different from July or June, because as we can see, the price mostly ranges from $60k to $70k, which is obviously an upper limit that is very difficult to break - which means that there is probably a big sell wall that so far it is doing its job well.

What I read somewhere is that this month many public companies that bought BTC should announce it publicly, and such things can affect the market in a positive sense. I wouldn't expect any major action for at least 6+ months after the halving, and if that's true then we'll still have to wait a little longer.

[Yamane_Keto]

$70,000 is not a target peak, but approaching $72,000 several times is an indication that a new All time high will be soon, but this is not expected soon, and therefore the price is not expected to be close to $70,000. The price may be between $65,000 and $55,000.

[SmartGold01]

Nothing but sideways..
Now what I meant by sideways is that bitcoin would touch 70k and then reversed back to within 60 or 55 as usual. Although I am also sensing that the US election would have a major role to play in the market reason being that bitcoin has started gaining attention right from since the US campaign started.
So probably it's shows that the election would also determine how much the price could reach for this month and currently there is enough buying pressure in the market waiting for election results to come to hear the final speech of Donald Trump.

[MrSpasybo]

Nothing but sideways..
Now what I meant by sideways is that bitcoin would touch 70k and then reversed back to within 60 or 55 as usual. Although I am also sensing that the US election would have a major role to play in the market reason being that bitcoin has started gaining attention right from since the US campaign started.
So probably it's shows that the election would also determine how much the price could reach for this month and currently there is enough buying pressure in the market waiting for election results to come to hear the final speech of Donald Trump.

I also think BTC price will continue to range and not give us any information about its main trend. ALTs will continue to be negatively impacted and lose market share to BTC, meaning BTC.D will increase. I used to hope that the accumulation had ended after BTC recovered from $53K to $70K, but concerns about the financial crisis are holding back market growth.

I think the market will have big movements in Q4 2024, meaning from October and we have 2 more months to continue DCA more tokens at low prices right before the bullrun starts with the impressive price increase of a series of tokens in many ecosystems.

[MUGNIA]

this month will be a good month for btc in my opinion even though there is a correction $70k+ will be realized this august. i am very optimistic that it will be achieved
Even though the main target is above $70k, if at the beginning of the month BTC can be stable at that price, then it can be said that it will go smoothly towards the new ATH with small corrections every week.

[Sim_card]

this month will be a good month for btc in my opinion even though there is a correction $70k+ will be realized this august. i am very optimistic that it will be achieved
Even though the main target is above $70k, if at the beginning of the month BTC can be stable at that price, then it can be said that it will go smoothly towards the new ATH with small corrections every week.

Did you see how dip bitcoin price is currently at $54k+ of which the price diped to $49k before the price correction. I hope to see go back to 60k+ because that is what will make bitcoin price reach $70k before September, but if the price remains at $50k+ for long, it might be impossible. Let's use this opportunity to hodli and buy more if you have the funds. We will surely get to $100k price this circle.

[Captain Corporate]

While I am as shocked as anyone else that it dropped this much, I still have hopes for a recover within the month itself. A lot of people expected August to be a decent month, and I feel like we are not going to end up with anything marginal or big, but we can definitely make it work one way or another. I believe that if we can make it work somehow, then its going to be fine. We just need to all get together and start buying up, and I know its not going to be right away today, because many people are scared so the increase won't happen now, but I bet that in a few weeks we are going to forget this and move up.

[milewilda]

While I am as shocked as anyone else that it dropped this much, I still have hopes for a recover within the month itself. A lot of people expected August to be a decent month, and I feel like we are not going to end up with anything marginal or big, but we can definitely make it work one way or another. I believe that if we can make it work somehow, then its going to be fine. We just need to all get together and start buying up, and I know its not going to be right away today, because many people are scared so the increase won't happen now, but I bet that in a few weeks we are going to forget this and move up.

If  you've been here on this market for a while now then you wont really be that making yourself that get shocked with these kind of market on where price corrections or dips could happen any moment. Somehow there would really be instances that market sentiments would really be already giving out some clue like August is a ghost month on which it could possibly give out that negative impact in the market on which it did happen but we cant really be able to know precisely whether this one is the reason or not. There are really just things that cant be known and the
market could move out without any back up sentiments that you could look around.

[LogitechMouse]

Re: Bitcoin price predictions for August.

Bitcoin's price in August in 2022 and 2023 ended up as a negative (-13.88% in 2022 & -11.29% in 2023).

I'm not saying that it will be the same this year since we are on a year where many are expecting for a bull run to happen. On the flip side, Bitcoin during the year where the bull run happened ended the month on a green candle ( +17.92% in 2017 and +18.19% in 2021). These are all based on history and of course, what we don't expect might happen this year. Nevertheless, despite the downward pressure that we've seen days ago, I still believe that Bitcoin for the month of August will end up at a green candle as well.

I hope that many of us took the opportunity to buy when the market is down.

[Yamane_Keto]

The level of optimism about the price has completely changed in the past hours, and while some were expecting $60,000 as a minimum, we are now hearing about $40,000.

Nevertheless, despite the downward pressure that we've seen days ago, I still believe that Bitcoin for the month of August will end up at a green candle as well.

We need something very good during this month or it is unlikely to see green candles.

[Rubel007]

$70,000 is not a target peak, but approaching $72,000 several times is an indication that a new All time high will be soon, but this is not expected soon, and therefore the price is not expected to be close to $70,000. The price may be between $65,000 and $55,000.

While the price of Bitcoin is currently bullish, we probably won't see a major uptrend this month. Bitcoin price rose to 49,000 a few days ago and the price has been increasing rapidly since then. However, the price is likely to remain in the range of 55k to 60k till next week and may gradually increase by the end of this month. This is just my prediction. We can also predict the market recently went into a dip, there is also a possibility of a down trend.

[MrSpasybo]

While I am as shocked as anyone else that it dropped this much, I still have hopes for a recover within the month itself. A lot of people expected August to be a decent month, and I feel like we are not going to end up with anything marginal or big, but we can definitely make it work one way or another. I believe that if we can make it work somehow, then its going to be fine. We just need to all get together and start buying up, and I know its not going to be right away today, because many people are scared so the increase won't happen now, but I bet that in a few weeks we are going to forget this and move up.

We are forced to get used to the high volatility of the crypto market and, at the same time, closely follow financial market news to proactively manage our crypto assets. I am also surprised by the level of fear among investors due to speculation about an economic recession. We had hoped that the FED would cut interest rates and the market would receive new cash flow for bullrun, now that it's about to become a reality, many investors are worried and liquidating their assets at low price.

I can't predict the recovery of BTC and many other ALTS in August. I just continue to believe that the crypto market will have positive fluctuations by the end of this year and may push price of many tokens to new ATHs. My DCA strategy is completely unaffected by current price fluctuations, my belief is strong enough to continue buy & hold!