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ZEC $485.57 -1.16%
BTC $62,613.52 -1.76%
ETH $1,867.62 -1.17%
BNB $603.66 -1.08%
XRP $1.00 -0.40%
SOL $75.31 -1.17%
TRX $0.3323 -0.47%
DOGE $0.0694 -1.15%
ADA $0.1792 -2.59%
BCH $203.08 -5.06%
LINK $8.81 +0.06%
HYPE $56.17 -2.85%
AAVE $85.83 -2.57%
SUI $0.6771 -1.97%
XLM $0.1597 -0.39%
ZEC $485.57 -1.16%

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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.
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