🚀 Crypto Forecast: Will Bitcoin Hit $120K & Ethereum Reach $4K in August? 🔥📈Expert Analysts Share Their Predictions for Bitcoin and Ethereum Prices in August
The crypto market has been bullish over the past two months due to institutional investments, but analysts caution a potential pullback in August. This is largely driven by new U.S. tariffs and weak employment data, which have intensified selling pressure across both traditional and crypto markets.
📊 Key Points:
📈 July Performance:
Ethereum (ETH) surged 49%
Bitcoin (BTC) climbed 8%, hitting a mid-month all-time high
Massive ETF inflows fueled the rally, especially for ETH ($5B+ in July alone)
🔮 Analyst Predictions for August:
■Ray Youssef (NoOnes CEO) expects BTC to trade between $114K–$120K, with strong support at $103K–$109K
ETH could climb to $4,000 if it holds above $3,750, with strong support between $2,900–$3,200
■Pauline Shangett (ChangeNOW) sees BTC rangebound, while ETH stays strong thanks to ETF demand
■Read Harvey (Wolfe Research) sees current dip as a buying opportunity, forecasting a breakout ahead
⚠️ Risks to Watch:
■Fed’s September meeting could shake markets
■Geopolitical tensions & economic uncertainty may trigger volatility
💡 Bottom Line:
August may bring sideways action, but savvy investors are watching closely for the next big breakout. Stay sharp, and DYOR! 🧠💼
📌 Not financial advice.