Bitcoin Recovering after Sharp Drop; New Price Prediction
Bitcoin is back up and running after a rough start to the month, and it may consolidate back to its $118K level.
Quick overview
- Bitcoin (BTC) has rebounded 1.46% to $115,408 after hitting a 4-week low of $112,525.
- Trade volume is around $51 billion, with a market cap nearing $2.30 trillion, as investor confidence remains high.
- Analysts expect Bitcoin to climb back to around $118K-$120K soon, despite concerns over new tariffs.
- The cryptocurrency is anticipated to set new record highs before the end of the year, potentially reaching $150K.
Live BTC/USD Chart
Bitcoin (BTC) is gaining momentum on Monday after a steep decline that brought the price down to a 4-week low of $112,525 (BTC/USD).
Bitcoin has now climbed 1.46% over the last day and is at $115,408 after a rough start to the month. Following the movement of the stock market, Bitcoin has dipped in the opening days of August but is now getting back on its feet and regaining some upward momentum.
BTC/USDTrade volume for the coin is around $51 billion, and its market cap is nearing $2.30 trillion. We expect Bitcoin to keep on climbing and to push back to its recent value around $118K-$120K. At the end of August, Bitcoin was holding around $118.5K, and then news of far-reaching tariffs and a poor nonfarm payrolls report sank the market.
These factors point toward a period of tightening belts and airtight wallets, which means the cryptocurrency market could be in for some subdued trading this week. But until that happens, we expect Bitcoin will climb a bit higher.
What Is Driving Bitcoin’s Movement?
The bulls are moving Bitcoin at the moment, pushing the value above $115K. If the price can consolidate there and not fall below that psychologically important mark, then Bitcoin should be able to use that foundation to build back toward $118K soon.
Bitcoin has a lot of goodwill from investors right now since it weathered the recent cryptocurrency storm with aplomb and barely moved as the remaining market deviated wildly. That means that investor confidence is high in the coin, and they may buy the dip right now and look to improve on their returns as they expect the coin to climb much higher in the near future.
Throughout 2025, Bitcoin has proven it can set new records regularly, and we anticipate a number of record highs before the end of the year. BTC is being held back by far of new tariffs, but a lot of that fear may disappear by the end of the week as countries start to negotiate with the United States over the higher tariffs.
The bulls should drive Bitcoin to about $118K in the next few days, since the coin held around that level for much of July. The retreat for the last few days should not be enough to keep Bitcoin from setting a new record high in the next few weeks and moving as high as $150K before the end of the year.
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