BTC $62,612.22 -1.74%
ETH $1,866.20 -1.18%
BNB $603.57 -1.00%
XRP $1.00 -0.23%
SOL $75.16 -1.37%
TRX $0.3322 -0.67%
DOGE $0.0694 -0.85%
ADA $0.1787 -2.84%
BCH $200.27 -6.19%
LINK $8.80 +0.02%
HYPE $55.78 -3.95%
AAVE $85.61 -2.34%
SUI $0.6751 -2.30%
XLM $0.1598 -0.28%
ZEC $481.33 -1.98%
BTC $62,612.22 -1.74%
ETH $1,866.20 -1.18%
BNB $603.57 -1.00%
XRP $1.00 -0.23%
SOL $75.16 -1.37%
TRX $0.3322 -0.67%
DOGE $0.0694 -0.85%
ADA $0.1787 -2.84%
BCH $200.27 -6.19%
LINK $8.80 +0.02%
HYPE $55.78 -3.95%
AAVE $85.61 -2.34%
SUI $0.6751 -2.30%
XLM $0.1598 -0.28%
ZEC $481.33 -1.98%

67

All
Article
Flash

Data: In August, Bitcoin may maintain a range of $58,000 to $67,000, with a breakthrough still requiring macroeconomic and capital catalysts

CryptoQuant analyst Axel Adler Jr. released the August Bitcoin market outlook, stating that BTC is currently down about 50% from the cycle high of $126,200 set in October 2025, with prices approaching the on-chain average holding cost. It is expected that August will likely maintain a volatile trend. The report suggests that the most probable scenario for August (with a probability of about 55%) is that BTC will trade in the range of $57,700 to $67,000, potentially closing at $60,000 to $64,000 by the end of the month.The bearish scenario (30% probability) involves a drop below $57,700, further testing the on-chain realized price of about $52,800; the bullish scenario (15% probability) requires a stable position above $67,000, along with continuous inflows of ETF funds, a decline in U.S. Treasury yields, and a weakening dollar, targeting $71,000 to $74,000. The current valuation is close to the on-chain cost area, and the spot Bitcoin ETF continues to see net inflows, providing support for the market; however, the high interest rate environment, sustained high U.S. Treasury yields, and a relatively strong dollar still limit the upside potential for risk assets. The report also reminds to pay attention to the impact of macro events such as U.S. non-farm employment, CPI, and the Jackson Hole central bank annual meeting on market liquidity.
app_icon
ChainCatcher Building the Web3 world with innovations.