After a promising July, the cryptocurrency market enters August with a mix of optimism and caution. Bitcoin ($BTC ), the leading cryptocurrency, has been fluctuating in a narrow range between $115,000 and $118,000 USD, creating an atmosphere of quiet accumulation. Although the attempt to surpass $120,000 in mid-July did not prosper, many analysts believe that this calm could be the prelude to a significant movement.
According to Abbas Abdul Sater, head of sales at Capital.com, periods of low volatility like the current one often precede major breakouts. If BTC manages to strongly surpass the $120,000 threshold, the next technical target could be $140,000 or more. However, if it fails to maintain the current level, we could see a short-term pullback.
This potential momentum is supported by positive macroeconomic factors: GDP growth in the U.S., recovery in the labor market, and greater regulatory clarity. The Federal Reserve has kept interest rates at 4.25%, which initially caused a slight drop in $BTC , but the market quickly rebounded. Additionally, regulatory advancements are bringing cryptocurrency ETFs closer to the standards of traditional products, which could attract more institutional capital.
In summary, August could be a decisive month for Bitcoin. The combination of solid fundamentals, regulatory improvements, and technical expectations suggests that the market is preparing the ground for a new chapter. Will this be the moment when $BTC breaks its ceiling and sets a new record?
