Bitcoin begins August at a critical juncture following a bounce from three-week lows, with expectations of increased volatility this month. Recent sell-offs among Bitcoin holders, including large investors, have created mixed targets, with $116,500 emerging as a possible price level that could influence future corrections. Analysis indicates that August is historically significant for price movements, as traders speculate on whether BTC will repeat patterns observed in early 2025. Additionally, macroeconomic factors, particularly the Federal Reserve's potential interest rate cuts in September, are influencing market sentiment. Despite recent price declines, demand for Bitcoin remains positive, with long-term trends showing accumulation by investors. Short-term holders are experiencing pressure, but overall demand metrics suggest a stable outlook for Bitcoin amidst ongoing volatility. This environment of mixed sentiment does not discourage long-term holders, as demand indicators show sustained interest in Bitcoin.

Source 🔗