Currently, Bitcoin is trading around $114,000, showing slight gains amid a stabilizing crypto market. However, some experts, including Robert Kiyosaki, express concerns about potential price declines.
Current Bitcoin Price and Market Sentiment
As of now, Bitcoin is demonstrating minor fluctuations while the Crypto Fear & Greed Index has slipped to 52, indicating neutral investor sentiment after recent volatility. Robert Kiyosaki mentioned in a post on X that he wouldn't mind if Bitcoin fell below $90,000 as it would give him a chance to double his BTC position.
> "If the Bitcoin August Curse hits and Bitcoin crashes, I stand ready to 2x my position today." – CITE_W_A (Robert Kiyosaki)
Historical Bitcoin Data for August
Historically, August and September are not favorable months for Bitcoin. In the past 12 years, prices have fallen in August eight times, resulting in a 67% probability of decline. The average return for August over this period is only 1.48%, with a median return being even more discouraging at -7.49%. This track record leads traders to question if August 2025 will follow the negative trend.
Key Economic Events and Their Impact on BTC
Several upcoming U.S. economic reports could significantly influence Bitcoin's short-term prospects. Among the key events: * **Jobless Claims:** Forecast 220K–221K — higher numbers may signal labor weakness. * **ISM Services PMI:** Expected at 51.1% — stronger readings might delay Fed rate cuts. * **Labor Costs & Productivity Data:** Could shift inflation expectations. * **Fed Comments:** Atlanta Fed President Raphael Bostic hinted at only one rate cut this year, potentially capping bullish momentum.
Meanwhile, 10x Research notes that Bitcoin's drop below $112K aligns with August seasonality and softer U.S. labor data. They suggest that a hidden macro trigger could spark Bitcoin's next major move.
Despite uncertainty, many traders are eyeing a potential buying opportunity, believing a drop below $90,000 could purge weak hands and set the stage for a stronger Bitcoin rally into year-end.
