In recent months, Bitcoin's price has shown consistent growth, despite a slight decline at the beginning of August. The expectations for a new all-time high (ATH) are gaining traction.
Current Market Situation of Bitcoin
Currently, Bitcoin is trading around $114,800, within the CME gap range between $117,000 and $113,870. It is expected that this area could fill in the next few hours. Traders are closely observing this situation, as CME gaps are typically 'magnetic' zones where price action tends to return.
Historical Data and Predictions
Historical data shows that over 80% of CME gaps eventually get filled. Once the current gap is resolved, the technical pressure may ease, paving the way for a new leg up in August. If buying pressure remains strong, the price could reach above $125,000.
Macroeconomic Environment and Its Impact on Bitcoin
Long-term holders continue to accumulate assets, while exchange reserves steadily decline. The anticipation of Fed easing later in the year also supports positive sentiment in the market. If bulls can defend the $117,000 level, this could lead to further price increases to $123,000 or $125,000.
The analysis of Bitcoin's price movement for August 2025 indicates a high probability of reaching new all-time highs. The current macroeconomic environment and the actions of long-term investors create conducive conditions for further growth.
