Bitcoin predictions for August.

[free-bit.co.in]

Although nothing can be predicted, if the CPI and PPI data are released next week, which will affect the Fed's interest rate and there will be a new move in the market.

CPI was released 2 days ago and was lower than expected, which made the market optimistic, as 95% believe that the Fed will cut interest rates in September. That also helped stocks and bitcoin hit all-time highs, but with the PPI data just released and significantly higher than expected. Bitcoin reacted immediately again and dropped below $118k. This index will put the Fed in a difficult position and a rate cut will be difficult to happen next month when inflation is showing signs of rising again.

Just yesterday, I was convinced that bitcoin could hit $130k by August, but with the PPI just released I'm a little worried.

[mich]

Well I did think we would see a price of Bitcoin of 130k in this month. But now Bitcoin is down 5 percent in this week so I do hope it is only a small correction.

Bitcoin price now is 115k. I am not sure if we will see Bitcoin make gains of 15k because August is now more then half over. But we can not know and I still am 'bullish'.

[Zanab247]

Well I did think we would see a price of Bitcoin of 130k in this month. But now Bitcoin is down 5 percent in this week so I do hope it is only a small correction.

Bitcoin price now is 115k. I am not sure if we will see Bitcoin make gains of 15k because August is now more then half over. But we can not know and I still am 'bullish'.

It look like we are not going to see $130k this year, because the price of BTC has dump to $115k this morning to create fear for those that wanted to release their BTC once the price hit $130k this year, and what they are seeing right now make their minds feed it is impossible.

I guess investors can make use of this little dump to buy BTC, because nobody knows what will happen in the month of September whether the price will hit higher to break into another ATH or it will hit back $124k. Thinking of bull run in this August, I don't think this price will pump above $119k before the bear market investors are waiting for will occur for them to buy and accumulate BTC.

[Pandu Geddon]

I personally predict Bitcoin will return to $120,000 by the end of August, with the price likely hovering between $114,000 and $120,000 throughout August. And this is just my speculation, what about yours?

Your speculation is quite good. In fact, the price of Bitcoin did rise back to $120k, even hitting a new ATH a few days ago, although it eventually declined again, and currently, Bitcoin is priced at $115k. I think Bitcoin may not fall below $100k for this month. We might soon see the price rise again, although all movements may be slow. But hopefully, there won't be any deeper declines this month.

[TravelMug]

Well I did think we would see a price of Bitcoin of 130k in this month. But now Bitcoin is down 5 percent in this week so I do hope it is only a small correction.

Bitcoin price now is 115k. I am not sure if we will see Bitcoin make gains of 15k because August is now more then half over. But we can not know and I still am 'bullish'.

Yes, I'm one of those who think that we can go easily to $130k, but it seems that this is another big barrier that we need to conquer next. However, I didn't expect that we're going to $115k. In any case, it seems that the market is showing it's volatility, and when we thought that it should be going in X direction, it went Y direction.

So maybe the dreaded August ghost month curse is still in effect even in the bullish year. Still have 2 weeks to see where it will lead us. But so far, it doesn't look good and I have a feeling that we might still go for a few round of dip at the end of August.

[Hazink]

Well I did think we would see a price of Bitcoin of 130k in this month. But now Bitcoin is down 5 percent in this week so I do hope it is only a small correction.

Bitcoin price now is 115k. I am not sure if we will see Bitcoin make gains of 15k because August is now more then half over. But we can not know and I still am 'bullish'.

This month, Bitcoin price is not just entering the way people are predicting it. We did not start the first week of August very well, but the second week showed us a promising move where we saw $122,000 in price, only for us to be below $120k this new week. I don’t think we can also see $130k this month of August, but I’m pretty sure we can get back above $120k and even add more numbers to it.

[bangjoe]

Well I did think we would see a price of Bitcoin of 130k in this month. But now Bitcoin is down 5 percent in this week so I do hope it is only a small correction.

Bitcoin price now is 115k. I am not sure if we will see Bitcoin make gains of 15k because August is now more then half over. But we can not know and I still am 'bullish'.

Looking at the possible opportunities in price movements, it seems that a sideways trend will continue until the end of August, with prices fluctuating between $110k and $120k. This is also evident from the global economic situation, particularly in the US, which is the main focus of financial market movements.
The $115k level acts as a strong support level for Bitcoin to consolidate, although we still have the $110k and $100k levels, which are significant psychological price points for Bitcoin throughout its history.

PPI data is under scrutiny due to declining confidence that the Fed will cut interest rates, but we should not focus on PPI data as the primary indicator. The Fed is still very likely to cut interest rates even if inflation rises, as the current situation is different. At worst, they will maintain interest rates.

[virasog]

Although nothing can be predicted, if the CPI and PPI data are released next week, which will affect the Fed's interest rate and there will be a new move in the market.

CPI was released 2 days ago and was lower than expected, which made the market optimistic, as 95% believe that the Fed will cut interest rates in September. That also helped stocks and bitcoin hit all-time highs, but with the PPI data just released and significantly higher than expected. Bitcoin reacted immediately again and dropped below $118k. This index will put the Fed in a difficult position and a rate cut will be difficult to happen next month when inflation is showing signs of rising again.

Just yesterday, I was convinced that bitcoin could hit $130k by August, but with the PPI just released I'm a little worried.

Indeed, the CPI data and PPI data are contradictory to each other and that is one of the reasons that the market seems to be in panic. However, if we see the Fed Interest Rates data at polymarket, still 71% of the votes are in favor of 25 bps decrease. 3% believe that there will be 50+ bps decrease (that is highly unlikely) and 26% believe that there will be no change. Even then the market price action suggest that no one has the clear direction on rate cuts and bitcoin next price movement. 

[dumpsterhawk]

Although nothing can be predicted, if the CPI and PPI data are released next week, which will affect the Fed's interest rate and there will be a new move in the market.

CPI was released 2 days ago and was lower than expected, which made the market optimistic, as 95% believe that the Fed will cut interest rates in September. That also helped stocks and bitcoin hit all-time highs, but with the PPI data just released and significantly higher than expected. Bitcoin reacted immediately again and dropped below $118k. This index will put the Fed in a difficult position and a rate cut will be difficult to happen next month when inflation is showing signs of rising again.

Just yesterday, I was convinced that bitcoin could hit $130k by August, but with the PPI just released I'm a little worried.

Indeed, the CPI data and PPI data are contradictory to each other and that is one of the reasons that the market seems to be in panic. However, if we see the Fed Interest Rates data at polymarket, still 71% of the votes are in favor of 25 bps decrease. 3% believe that there will be 50+ bps decrease (that is highly unlikely) and 26% believe that there will be no change. Even then the market price action suggest that no one has the clear direction on rate cuts and bitcoin next price movement. 

Why the sad face? The situation is still pretty good all things considering. A lot of votes are in favor of a small decrease which is significant because there is no precedent for it according to what happened this year. It is also possible that the market reacts negatively to the first cut but later responds more favorably. Sometimes it happens simply because something is different, not because a rate cut was a mistake.

[Leahized]

Why the sad face? The situation is still pretty good all things considering. A lot of votes are in favor of a small decrease which is significant because there is no precedent for it according to what happened this year. It is also possible that the market reacts negatively to the first cut but later responds more favorably. Sometimes it happens simply because something is different, not because a rate cut was a mistake.

If the price of bitcoin is reduced, there will be no problem but if the amount is reduced, there will be huge damage. When the price of Bitcoin began to fall, many who were Bitcoin Holders became disturbed and confusing. Because then they do not understand what to do in such situations. They will hold or sell. If the price of Bitcoin falls too much, then everyone sells their funds and converts Fiat to Currency because they don't want to lose too much. In my opinion, those who are long -term holders are ever afraid of falling. But when more fall, they too are often worried about assets. However, the market is analyzed in different ways, but it is understood that we are in Red Month. And we should be very careful in such situations.

[virasog]

Although nothing can be predicted, if the CPI and PPI data are released next week, which will affect the Fed's interest rate and there will be a new move in the market.

CPI was released 2 days ago and was lower than expected, which made the market optimistic, as 95% believe that the Fed will cut interest rates in September. That also helped stocks and bitcoin hit all-time highs, but with the PPI data just released and significantly higher than expected. Bitcoin reacted immediately again and dropped below $118k. This index will put the Fed in a difficult position and a rate cut will be difficult to happen next month when inflation is showing signs of rising again.

Just yesterday, I was convinced that bitcoin could hit $130k by August, but with the PPI just released I'm a little worried.

Indeed, the CPI data and PPI data are contradictory to each other and that is one of the reasons that the market seems to be in panic. However, if we see the Fed Interest Rates data at polymarket, still 71% of the votes are in favor of 25 bps decrease. 3% believe that there will be 50+ bps decrease (that is highly unlikely) and 26% believe that there will be no change. Even then the market price action suggest that no one has the clear direction on rate cuts and bitcoin next price movement. 

Why the sad face? The situation is still pretty good all things considering. A lot of votes are in favor of a small decrease which is significant because there is no precedent for it according to what happened this year. It is also possible that the market reacts negatively to the first cut but later responds more favorably. Sometimes it happens simply because something is different, not because a rate cut was a mistake.

The sad face was not because we are worried about the bitcoin dump. I know that we are in bull market and the dumps are regular in the bull market, and they recover quickly. The thing is that I find it difficult to predict the short term move for the Bitcoin and that makes life difficult for the day traders.

As you said yourself, interest rate cuts can dump the market unexpectedly in the short term or even pump because of this bullish news, making it difficult for future trade. Anyways, the spot trading with long-term investments is easy as we know that bitcoin is yet to make another all time high.

[Republikcoin.com]

Why the sad face? The situation is still pretty good all things considering. A lot of votes are in favor of a small decrease which is significant because there is no precedent for it according to what happened this year. It is also possible that the market reacts negatively to the first cut but later responds more favorably. Sometimes it happens simply because something is different, not because a rate cut was a mistake.

However, an interest rate cut could still have an impact on the market, as some large investors and large Bitcoin holders prefer to see interest rates start to fall. However, other factors also need to be considered, so we could uncover more effects that could suddenly affect the market, as Bitcoin's price is currently hovering around $112,000, which is not far from $110,000. However, I'm still quite optimistic about seeing a more positive response after this price correction in the coming months for Bitcoin.

[SATWAT]

After interest rate cut things are looking volatile and peoples are taking profit which hitting hard right now price is around $112,600, I am not expecting more decrease because situation can take turn in last week of August this could be rebounded and $120K is going to be touched again.

Usually peoples feel pressure and start panic selling which are never been ideal, but we can't stop this just because of this market moving negatively, but Bitcoin is by nature have good charisma of rebound which is expected I personally take few good dips which are going to help in coming days because these dips were just for having good last week of holidays in long term I'm always keeping things on balance.

[Awaklara]

After interest rate cut things are looking volatile and peoples are taking profit which hitting hard right now price is around $112,600, I am not expecting more decrease because situation can take turn in last week of August this could be rebounded and $120K is going to be touched again.

Usually peoples feel pressure and start panic selling which are never been ideal, but we can't stop this just because of this market moving negatively, but Bitcoin is by nature have good charisma of rebound which is expected I personally take few good dips which are going to help in coming days because these dips were just for having good last week of holidays in long term I'm always keeping things on balance.

Bitcoin briefly dropped to a price of $111k today, then quickly surged to $116k. This rapid pump affected several assets in the market, especially ETH, which I noticed has seen a 9% price increase in the last 24 hours.
Bitcoin will create a new ATH again, I believe this will happen before the end of the year. This month has one week left, it would be great if Bitcoin could reach a new ATH again.

[M47AK16]

If the price of bitcoin is reduced, there will be no problem but if the amount is reduced, there will be huge damage. When the price of Bitcoin began to fall, many who were Bitcoin Holders became disturbed and confusing. Because then they do not understand what to do in such situations. They will hold or sell. If the price of Bitcoin falls too much, then everyone sells their funds and converts Fiat to Currency because they don't want to lose too much. In my opinion, those who are long -term holders are ever afraid of falling. But when more fall, they too are often worried about assets. However, the market is analyzed in different ways, but it is understood that we are in Red Month. And we should be very careful in such situations.

That is basically panic selling and we had that a lot of times in history of bitcoin, it is not really new. We faced that multiple times and it is not really that complicated for us, it should not be all that weird for people to panic sell because we know that they do, so why be shocked about it after over a dozen times it has already happened?

I mean it happened multiple times already just this year, whenever it starts to fall a bit, everyone gets panicked and they sell too. This is why we should hold or buy during the same time, because we know that it will recover. Just like how it peaked at 120k and then dropped to 113k and then recovered and then again testing 112 level. Same will happen whenever there is a fall in the price.

[imamusma]

Bitcoin dropped to $110K today, after a temporary reversal following Jerome Powell speech last week. This drop was the lowest since Bitcoin hit a new all time high of $124K, but many remain optimistic that Bitcoin will reach $130K in August. If the Fed officially cuts interest rates in the future, the market will automatically recover, and it's very realistic that Bitcoin will reach $130K. Meanwhile, I think this decline is also a good opportunity to increase the portfolio size.

[HistoLock]

Bitcoin dropped to $110K today, after a temporary reversal following Jerome Powell speech last week. This drop was the lowest since Bitcoin hit a new all time high of $124K, but many remain optimistic that Bitcoin will reach $130K in August. If the Fed officially cuts interest rates in the future, the market will automatically recover, and it's very realistic that Bitcoin will reach $130K. Meanwhile, I think this decline is also a good opportunity to increase the portfolio size.

Yes, it definitely makes me wonder how the price of Bitcoin has been increasing in the past few days, the highest price of Bitcoin this month was $124k, which I am very surprised to see. But now its market has decreased, I am not sure yet how much the Bitcoin market will reach in August, but I expect that the Bitcoin market will be able to give a lot within this month. Since the Bitcoin market increased a few days ago, I can say that it will show a bull run again. But I expect that Bitcoin will start increasing again in this short time.

[Swordsoffreedom]

Bitcoin dropped to $110K today, after a temporary reversal following Jerome Powell speech last week. This drop was the lowest since Bitcoin hit a new all time high of $124K, but many remain optimistic that Bitcoin will reach $130K in August.

With less than 5 days left until September and it looks like the bitcoin correction is not over yet, I would be surprised if anyone still believes bitcoin will hit $130k this August.

If the Fed officially cuts interest rates in the future, the market will automatically recover, and it's very realistic that Bitcoin will reach $130K. Meanwhile, I think this decline is also a good opportunity to increase the portfolio size.

If the Fed decides to cut interest rates next September, bitcoin and the entire market will definitely recover and even grow. But whether that growth will last or end as quickly as it has over the past two days remains to be seen. Bitcoin will rally if the Fed cuts interest rates but if whales suddenly dump a large amount of Bitcoin or there is geopolitical instability, that rally won't last. There are many factors that affect bitcoin, not just the Fed's interest rates.

[khiholangkang]

Bitcoin dropped to $110K today, after a temporary reversal following Jerome Powell speech last week. This drop was the lowest since Bitcoin hit a new all time high of $124K, but many remain optimistic that Bitcoin will reach $130K in August.

With less than 5 days left until September and it looks like the bitcoin correction is not over yet, I would be surprised if anyone still believes bitcoin will hit $130k this August.

I see that we may be in a bearish situation in the short term, and reaching $130k by the end of August seems very difficult, but I have hope for a bullish trend even though I am bearish in my thinking.

If the Fed officially cuts interest rates in the future, the market will automatically recover, and it's very realistic that Bitcoin will reach $130K. Meanwhile, I think this decline is also a good opportunity to increase the portfolio size.

If the Fed decides to cut interest rates next September, bitcoin and the entire market will definitely recover and even grow. But whether that growth will last or end as quickly as it has over the past two days remains to be seen. Bitcoin will rally if the Fed cuts interest rates but if whales suddenly dump a large amount of Bitcoin or there is geopolitical instability, that rally won't last. There are many factors that affect bitcoin, not just the Fed's interest rates.

In his previous statement, Powell remained uncertain in his remarks and suggested that interest rate cuts are merely a probability that must be considered, indicating an uncertain decision for September. This suggests that sentiment will first decline before experiencing an uptick, and we may test support below $110k. I simply want to highlight that this trend will persist if Bitcoin can remain above $105k.

[taufik123]

Bitcoin dropped to $110K today, after a temporary reversal following Jerome Powell speech last week. This drop was the lowest since Bitcoin hit a new all time high of $124K, but many remain optimistic that Bitcoin will reach $130K in August.

With less than 5 days left until September and it looks like the bitcoin correction is not over yet, I would be surprised if anyone still believes bitcoin will hit $130k this August.

If you look at it in the short term it is indeed difficult especially at the end of August the price of $130k is difficult to achieve,
but in the long term it will definitely happen because this decline will be necessary for Bitcoin to reach an even higher price.

In TF 1H Bitcoin is in the Downtrend Console area so Bitcoin tends to be bearish,
and the bearish Support is at the price of $107,800 which is a strong enough support for this short period.

It needs to break through the $111k resistance to be able to return to bullish mode,
but if the target is the end of August this may be quite difficult, but anything can happen in crypto in the next second.