Bitcoin Price in August: Can BTC Hold $117K, or Is a Deeper Pullback Ahead?
The post Bitcoin Price in August: Can BTC Hold $117K, or Is a Deeper Pullback Ahead? appeared on BitcoinEthereumNews.com.
TLDR: August Bitcoin median return is negative 8.3%, with past drawdowns of up to 20%. BTC dropped from $123K to $115.6K as profit-taking and miner selling cooled July’s rally. 96% of the Bitcoin supply remains in profit, fueling both holding confidence and selling pressure. Analysts eye $117K support; a break could trigger a slide toward $112K–$114K in August. August has arrived, and Bitcoin is already under pressure. Historically, this month has not been kind to the leading cryptocurrency. Median returns sit near negative 8 percent, with losses often stretching deeper. After a record-breaking July, momentum cooled quickly as sellers emerged. Now, all eyes are on whether Bitcoin can defend $117,000 or slide into a deeper correction. Bitcoin Price Pulls Back After July’s Record Run Historically, August has been one of Bitcoin’s weakest months. Data from 2011 to 2025 shows median monthly returns of around minus 8.3 percent. Typical drawdowns range between 5 and 20 percent, putting this month in sharp contrast to Bitcoin’s 58 percent overall monthly win rate. BTC price on CoinGecko That trend is already visible. Bitcoin touched highs near $123,100 in mid-July but has since slid back to roughly $115,600 as August begins. According to CoinGecko, Bitcoin is down 2.36 percent in 24 hours and 0.29 percent over the past week. Moby Media noted Bitcoin’s record close but warned that history has not favored August. Swissblock analysts echoed the caution, pointing to miner selling and a slowdown in momentum after July 22. Realized profits increased during late July, which capped upside moves and triggered consolidation. $BTC closed July with a massive +8.13% gain, hitting its highest monthly close ever at $115,764! August has historically been a red month for #Bitcoin… but history doesn’t always repeat itself. Drop your BTC price predictions for August! pic.twitter.com/8veeuRZC26 — Moby Media…
Filed under: News - @ August 1, 2025 6:26 am