Bitcoin News Today: Bitcoin hits record $115,800 monthly close as analysts eye 50% rally to $172,000

Bitcoin achieved an unprecedented milestone on July 31, 2025, closing at $115,800, marking its highest monthly close in history [1]. The surge came despite late-month volatility triggered by macroeconomic pressures, including new US tariffs and trade measures, which led to broader market turbulence. Despite these challenges, Bitcoin managed to maintain strong bullish momentum, with analysts emphasizing that dips below $115,000 served as retests of critical technical levels [1].

Market observers, including popular analyst Mags, interpreted the price movement as a bullish signal, pointing to the inverse head-and-shoulders pattern on the weekly chart. According to this pattern, Bitcoin could potentially rise to $172,000—a 50% increase from its July close [1]. Similarly, crypto expert Michaël van de Poppe noted that the current correction phase offers a strategic opportunity for accumulation, with expectations of stabilization in August followed by renewed gains [1].

Historical data also supports a strong August for Bitcoin, particularly in the post-halving cycle. In the three previous halving years—2013, 2017, and 2021—Bitcoin recorded returns of 30%, 65%, and 14% in August, respectively [1]. Analysts such as Alpha Finder and Crypto B have highlighted this trend, suggesting that the upcoming August could witness a significant price appreciation if historical patterns repeat [1].

The post-halving effect is a well-documented phenomenon, driven by the reduced rate of new Bitcoin issuance, which tightens supply and often triggers increased demand [1]. This dynamic has historically led to price surges in the months following halving events, making August 2025 a key period for market watchers.

Despite external pressures, including trade tensions and global macroeconomic uncertainty, Bitcoin’s resilience has reinforced its role as a digital asset hedge. The Fear & Greed Index remained in the “greed” zone at 65, indicating sustained optimism among investors [1].

As the market moves into August, the focus will remain on key technical levels and whether the historical post-halving performance repeats. With strong analyst sentiment and historical precedent, the outlook for Bitcoin remains bullish [1].

Source: [1] Bitcoin Posts Record Monthly Close as Analysts Suggest Potential for Strong August Gains (https://en.coinotag.com/bitcoin-posts-record-monthly-close-as-analysts-suggest-potential-for-strong-august-gains/)