3 Reasons Why Bitcoin (BTC) Could Rally Hard This August
Main Idea
Bitcoin (BTC) reached an all-time high in July but has since dipped below $120,000, with potential factors influencing its performance including historical trends, the 2024 halving event, and possible Federal Reserve rate cuts.
Key Points
1. Bitcoin (BTC) soared to an all-time high of over $123,000 in July but is currently trading below $120,000.
2. BTC's performance in August has historically shown significant returns only four times: in 2013, 2017, 2020, and 2021.
3. The 2024 halving event reduced miners' rewards, which could impact BTC's supply and price dynamics.
4. The Federal Reserve may cut interest rates in September, with probabilities rising from 35% to nearly 80%, potentially encouraging riskier investments like BTC.
5. BTC's MVRV ratio has fluctuated within a healthy range, with levels above 3.7 historically aligning with cycle tops and values under 1 corresponding with market lows.
Description
TL;DR With US interest rate cut odds in September jumping to almost 80%, markets may start pricing in bullis h momentum early – potentially benefiting BTC throughout August. Some analysts believe the asset has yet to enter its “thrill” and “euphoria” phases, which can lead to a renewed price rally. Major Gains This Month? Bitcoin (BTC) soared to an all-time high of over $123,000 in July but is currently trading well below $120,000. And while some have started doubting the asset’s potential to ac...
Latest News
- The State of BitcoinFi in Q2 2025: Research2025-08-10 06:51:45
- ETH Breaks $4.2K, Whales Remain Bullish and Call ‘Higher’2025-08-10 04:29:10
- ‘It’s a Generational Opportunity:’ SEC’s Crypto Pivot Could Supercharge Ethereum and DeFi2025-08-10 03:49:35
- Paris Man Robbed of €2M in Bitcoin Following Violent Kidnapping2025-08-09 21:56:58
- Ripple Price Analysis: Will XRP Break Above $4 This Week?2025-08-09 20:30:55