Bitcoin achieved a record monthly close at $115,800 on July 31, marking a significant milestone despite macroeconomic challenges. Analysts view a potential price drop below $115,000 as a bullish retest, with expectations of strong gains in August, a month historically linked to post-halving price increases. Data shows that Bitcoin ended July with an 8.13% rise, and analysts predict a possible breakout leading to target prices as high as $172,000. The Fear & Greed Index indicates the market remains in the 'greed' zone, suggesting bullish sentiment. While August traditionally sees lower performance with an average gain of 1.61%, past post-halving years (2013, 2017, 2021) showed significant gains of 30%, 65%, and 14% respectively. Analysts encourage accumulation during this phase and anticipate stabilization leading to future price surges, reinforcing the belief that Bitcoin is poised for a major upward move soon.

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