Bitcoin Ends Historic July at $115K, Analysts Eye 'Vertical' August Surge

Bitcoin (BTC) closed July with a record high monthly close at $115,800, despite late-session macro-driven volatility. This marks the highest monthly close in Bitcoin’s history, pushing bulls into position for a potentially explosive August.

Key Highlights:

• Record Close: Bitcoin ends July at $115,800, its highest monthly close ever.

• Pullback Reframed: Analysts view the $115K dip as a bullish retest.

• Post-Halving Boost? August typically underperforms—except in halving years.

BTC/USD monthly chart. Source: TradingView

Related: Whale Bets on $200K Bitcoin as BTC Dips Below $115K — Bullish Trend Still Intact

July Performance & Macro Pressure

Bitcoin gained 8.13% in July, staying within its key range of $115K–$121K, according to CoinGlass. Despite macro pressure from newly announced tariffs by U.S. President Donald Trump and a downturn in equities (S&P 500 dropped for the fourth straight day), BTC held strong.

The Crypto Fear & Greed Index slid 10 points to 65, but sentiment remains in the “Greed” zone.

Fear & Greed Index data. Source: Feargreedmeter.com

Analysts Still Bullish: “It’s Just a Matter of Time”

Crypto analyst Mags called the $115K drop a bullish retest of an inverse head-and-shoulders neckline, with a projected target of $172K — a 50% rally from current levels.

“It’s just a matter of time before Bitcoin price goes vertical,” Mags wrote.

Meanwhile, Michaël van de Poppe sees August as a potential accumulation window, saying stabilization now could lead to a breakout for both BTC and altcoins later in the month.

BTC/USD weekly chart. Source: Mags

Will August Repeat Post-Halving Magic?

While August is historically one of Bitcoin’s weakest months (avg. +1.61%), post-halving Augusts have told a different story:

• +30% in 2013

• +65% in 2017

• +14% in 2021

Analysts like Alpha Finder and Crypto B believe 2025 could follow the same pattern:

“If history repeats itself, get ready for a strong August.”

BTC/USD monthly returns. Source: CoinGlass

Related: ApeCoin Price Surge: APE Poised for $5 Target Amid Rare Technical Patterns

Final Word

Despite macro headwinds and cautious sentiment, technical patterns, halving cycle trends, and historical August gains paint a promising picture for Bitcoin. With $115K acting as strong support and institutional buying still strong, August could mark the next leg up in BTC’s bull run.