Trading expert sets Bitcoin price for August 2025
The post Trading expert sets Bitcoin price for August 2025 appeared on BitcoinEthereumNews.com. A trading expert is projecting that Bitcoin (BTC) could spike by almost 50% by August 2025, based on the asset’s long-term bullish trend. According to an analysis by TradingShot, the possibility of Bitcoin reaching $140,000 by August is based on the fact that the digital currency has completed a critical “Triple Cluster Support” rebound on its weekly chart. In an X post on April 25, TradingShot noted that the rebound, which pushed Bitcoin toward the $95,000 resistance, occurred at three major technical levels: the 50-week moving average (MA), the former record high trendline, and the higher lows zone of the bull cycle. Historically, rebounds at these levels have often triggered Bitcoin’s strongest parabolic rallies. Furthermore, the analyst suggested that this move could initiate the final parabolic rally of the current cycle. Bitcoin price analysis chart. Source: TradingView/TradingShot To this end, the expert asserted that even if Bitcoin only replicates the weakest rally pattern seen during the 2023–2025 period, the expected rise from the bottom would still be around 92%, indicating a target of around $140,000. Indeed, Bitcoin is seeing more upside momentum amid growing signs that trade tensions between the United States and China might be cooling down. Impact of trade wars on Bitcoin’s price While trade tariffs previously drove massive capital outflows from equity markets, Bitcoin largely remained stable, trading below $90,000. Now, the maiden digital currency is witnessing renewed interest after President Donald Trump announced a call with Chinese President Xi Jinping to discuss the ongoing tariff war. In the context of trade wars, an analysis by RLinda in an X post on April 26 acknowledged that Bitcoin held firm during the tensions, defying the free fall in stocks and indices. Her analysis shows that BTC is consolidating between the $90,000 support level and the $94,244 resistance level,…
The post Trading expert sets Bitcoin price for August 2025 appeared on BitcoinEthereumNews.com.
A trading expert is projecting that Bitcoin (BTC) could spike by almost 50% by August 2025, based on the asset’s long-term bullish trend. According to an analysis by TradingShot, the possibility of Bitcoin reaching $140,000 by August is based on the fact that the digital currency has completed a critical “Triple Cluster Support” rebound on its weekly chart. In an X post on April 25, TradingShot noted that the rebound, which pushed Bitcoin toward the $95,000 resistance, occurred at three major technical levels: the 50-week moving average (MA), the former record high trendline, and the higher lows zone of the bull cycle. Historically, rebounds at these levels have often triggered Bitcoin’s strongest parabolic rallies. Furthermore, the analyst suggested that this move could initiate the final parabolic rally of the current cycle. Bitcoin price analysis chart. Source: TradingView/TradingShot To this end, the expert asserted that even if Bitcoin only replicates the weakest rally pattern seen during the 2023–2025 period, the expected rise from the bottom would still be around 92%, indicating a target of around $140,000. Indeed, Bitcoin is seeing more upside momentum amid growing signs that trade tensions between the United States and China might be cooling down. Impact of trade wars on Bitcoin’s price While trade tariffs previously drove massive capital outflows from equity markets, Bitcoin largely remained stable, trading below $90,000. Now, the maiden digital currency is witnessing renewed interest after President Donald Trump announced a call with Chinese President Xi Jinping to discuss the ongoing tariff war. In the context of trade wars, an analysis by RLinda in an X post on April 26 acknowledged that Bitcoin held firm during the tensions, defying the free fall in stocks and indices. Her analysis shows that BTC is consolidating between the $90,000 support level and the $94,244 resistance level,…
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