.png){kind=logo}
Bitcoin price remains near $119K, holding most of its July gains.
Strong inflows into crypto investment funds and ETFs are supporting demand.
Technical breakout above $122,800 could open the path to $130K.
Bitcoin price is currently trading around $119,000 at the time of writing. The price has eased slightly from the mid-July record high above $122,000, reflecting a modest cooling of bullish momentum. Within today’s trading window, the highest price reached $121,968, while the lowest slipped to $118,355.
Despite the pullback, the overall upward trend that began in the second quarter remains intact, underpinned by growing institutional interest, better miner economics following the halving, and a gradually improving macroeconomic backdrop.
August began on a positive note as signals from US policymakers boosted risk appetite. An official policy proposal encouraging the inclusion of alternative assets, such as cryptocurrencies, in retirement accounts helped extend Bitcoin’s rally into August. Analysts have highlighted that continued bullish momentum could potentially drive Bitcoin toward the $130,000–$134,000 range.
Another factor shaping sentiment is the potential New York Stock Exchange (NYSE) listing of Bullish, the parent company of a major crypto media outlet. This move is being closely watched by the market as a sentiment barometer for the broader digital-asset sector.
Continued inflows into US crypto investment funds are another key pillar supporting the rally. Though much of the recent attention has focused on ether-based products, Bitcoin has benefited from general crypto demand. These regulated investment vehicles continue to attract capital even after the July peaks, helping to stabilize and support price levels.
On July 30, 2025, the Federal Reserve held interest rates steady at a range of 4.25%–4.50%, yet maintained a stance of flexibility depending on evolving economic data. Historically, tighter monetary policy tends to dampen risk assets, including Bitcoin, by reducing liquidity.
Any indication of future easing can lift demand for riskier, high-volatility assets. With inflation readings mixed and economic growth moderating, market participants remain watchful for signs of a shift toward policy easing, which could act as a catalyst for renewed upside.
The April 2024 halving slashed Bitcoin’s block reward to 3.125 BTC per block, exerting pressure on miner profitability into early 2025. However, July marked a turning point, with miner margins improving significantly. This recovery has been enabled by higher Bitcoin prices and consistent transaction fees, reinforcing financial stability among mining operations. Strong miner economics tend to support healthy network fundamentals and reduce the likelihood of forced selling during price rallies.
On-chain metrics also confirm robust network health. Recent data shows the network hash rate hovering near 966 exahashes per second, with mining difficulty in the 127–130 trillion range. These figures reflect a high level of competition among miners and continued investment in infrastructure despite the reduced subsidy. A rising hash rate and frequent upward adjustments in mining difficulty suggest confidence in the network’s long-term security.
Also Read - Bitcoin News Today: Nakamoto Inc. to Acquire $762M in BTC Using VWAP Strategy
Bitcoin price today remains above the previous breakout zone in the low-$110,000s, preserving the bullish structural setup. The record high near $122,800, achieved in July, stands as immediate resistance. A sustained daily close above that level would reinforce the upward trend and open the path toward $130,000–$134,000, as highlighted by technical analysts.
If Bitcoin fails to reclaim those highs, a period of consolidation between $112,000 and $122,000 is likely, with dynamic support levels provided by the 50-day moving average and former swing zones near $108,000–$110,000. Momentum oscillators have retraced from overbought readings, which often precede renewed entries into uptrends if macro conditions remain favorable.
The flow of capital via spot exchange-traded funds (ETFs) in the United States continues to be a major influence on price behavior. Since the January 2024 debut of US spot Bitcoin ETFs, daily creations and redemptions have served as a key short-term driver. Early August commentary and weekly data indicate ongoing net inflows into crypto funds, which helps absorb selling pressure from profit-taking and thus supports price stability.
Bitcoin’s annual issuance now stands at approximately 1% following the fourth halving. Roughly 19.7 million BTC have been mined so far, with the total supply capped at 21 million. Reduced supply meets increasing demand from ETFs, corporations, and high-net-worth investors. When demand growth outpaces the issuance of new coins, especially during periods of monetary easing, the price tends to react strongly, often leading to amplified upward movements.
The path ahead is not without risks. A renewed hawkish tone from the Federal Reserve, a strong US dollar, or persistent inflation could undermine the appetite for speculative assets like Bitcoin. Regulatory developments also carry the potential for sharp market reactions. Supportive measures that increase accessibility may boost confidence, while restrictive actions could trigger quick sell-offs.
Despite improved miner economics, sudden price drops can still strain operations, especially those using higher leverage. In such scenarios, stressed miners may engage in concentrated selling, which could exacerbate downward moves.
The base case envisions a gradual upward trajectory through late Q3, with Bitcoin consolidating above $110,000. In this scenario, dips into the $112,000–$115,000 range find support as institutional allocators and mining operations remain disciplined. Continued ETF demand would buttress the base-case trend.
The bullish Bitcoin price prediction unfolds if Bitcoin breaks and sustains a weekly close above the July peak of $122,800. That event would likely trigger a push toward the $130,000–$134,000 zone, supported by strong liquidity and bullish sentiment.
Conversely, the bear case would require a decisive weekly close below $110,000 on rising volume, possibly triggered by a hawkish macroeconomic surprise or risk-off shock. This could set the stage for a slide toward the $100,000–$105,000 region, where previous buyers emerged.
Market attention and Bitcoin price news now centers on upcoming US inflation data, additional commentary from Federal Reserve officials, and the trend in ETF inflows. Softening labor market or inflation data that lean toward policy easing would likely help support crypto markets.
On the other hand, unexpectedly strong figures might keep financial conditions tight, reinforcing a range-bound environment. In the crypto world, Ethereum ETF demand remains a closely watched proxy for overall risk appetite; sustained interest there often boosts confidence across the digital-asset spectrum.
Also Read - Is Accumulating Bitcoin a Risky Move for Companies?
Entering mid-August, Bitcoin retains most of July’s gains. Strong institutional involvement via ETFs, healthier miner economics, and robust network security compose the foundation of the current uptrend.
Advancement above $122,800, confirmed by steady inflows and accommodative macro conditions, could unlock a move toward $130,000–$134,000. Until then, constructive consolidation above $110,000 supports the longer-term trend, with fresh highs poised to follow renewed momentum.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
