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Bitcoin: Price Prediction Following $123K Record High

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by Giorgi Kostiuk

21 hours ago


Bitcoin, as the leading cryptocurrency, hit its all-time high at $123K in mid-July and now faces questions about its future price movement in August 2025. This article will analyze the key factors affecting BTC and provide a price prediction for the month.

BTC Price Factors for August

Institutional demand remains a primary driver for Bitcoin as we head into the next month. An analysis conducted on July 29 revealed that the Coinbase Premium Index has turned negative, indicating weaker demand from U.S. investors compared to international ones.

Additionally, strong support from the Trump administration and continued appointments of pro-crypto individuals to high positions in the SEC and CFTC may also influence the market. Trump Media has applied for a Bitcoin and Ethereum ETF, which is currently under review. A decision on the ETF is not expected until at least September 18.

General Outlook for Bitcoin Prices

As of July 31, 2025, Bitcoin was trading at around $118.4K. It has risen by 0.5% over the past 24 hours and about 0.15% over the last week. While still 3.7% below its all-time high, the cryptocurrency is showing resilience during a market consolidation.

Analysts note that Bitcoin’s current MVRV (Market Value to Realized Value) ratio is at 2.2 and is nearing its 365-day average, a setup that has historically led to significant rallies.

Bitcoin Price Prediction: August 2025

According to CoinCodex’s predictions, BTC may continue to rise this month, with a potential 12.5% gain that could push it to a new all-time high of $133.3K by August 28. Other forecasts, including that of Wallet Investor, are similarly optimistic, expecting Bitcoin to reach a maximum price of $129.49K by late August.

Overall expectations for August lean bullish for Bitcoin; however, risks remain, making it crucial to monitor market dynamics.

In conclusion, given the current factors and analyst outlooks, August 2025 may prove to be a successful month for Bitcoin. While there are risks for a downturn, key conditions are aligning for potential price growth.

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