#Price Predictions for 1/8: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, XLM, SUI Price Analysis

Key Points:

Sellers drove the price below USD 115,000, but they are struggling to maintain lower levels.

Several altcoins have fallen towards their respective support levels, which are likely to hold. Bitcoin

BTC 97,875 € fell below the support of USD 115,000 on Friday, but the drop could be limited. Bitcoin treasury companies have been compulsively buying, accumulating over 791,662 BTC worth about USD 93 billion, according to a report from Galaxy Research published on Thursday.

BTC rose more than 8% in July, and analysts expect the upward trend to continue, despite August recording average monthly gains of only 1.61%. The reason for the optimism is that BTC's performance in August, a year after the halving, has recorded strong gains of 30%, 65%, and 14% in 2013, 2017, and 2021. If history repeats itself, BTC could reach a new all-time high above USD 123,218 during the next month.