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BTC Price Analysis- Can Bitcoin Defy the Odds in 2025?
BTC Price Analysis– Bitcoin slipped 5% over the weekend, falling from $118,330 on Friday to around $112,300 on Sunday. This bearish move kicks off what has historically been a tough month for BTC. According to analysts, holding above the $110,000 support level is critical for Bitcoin to have a shot at retesting its all-time high.
Analyst Insights: Risk Sentiment Will Decide Bitcoin’s Fate
Tony Sycamore from IG Markets told Cointelegraph that much depends on how risk sentiment holds up following Friday’s weak US jobs report and new tariff news. “The pullback tested and held support near $112,000, which was a logical target after the recent highs,” Sycamore said.
He added that if Bitcoin stabilizes above the $112,000–$110,000 zone, it could attempt to retest its record peak. However, strong monthly resistance looms at $125,000, and there’s currently no clear catalyst to break through that level. This view aligns with Arthur Hayes, who cautions that macroeconomic pressures might push Bitcoin back to $100,000.
August: Historically a Bearish Month for Bitcoin
Data from Glassnode shows that August has often been a down month for Bitcoin since 2013, with an average loss of 11.4%. While August 2024 saw a relatively mild drop of 8.6%, the previous two years saw double-digit declines. If history repeats itself, Bitcoin could dip to around $105,000 this month.
Bull Market Hope: Could 2025 Break the Trend?
Despite August’s bearish history, bull market years have shown exceptions. The last positive August was in 2021, when BTC surged nearly 14%. Given that 2025 marks a new bull cycle, investors remain hopeful for a breakout beyond seasonal weakness.
