Institutional Demand Remains Strong
Institutional investor demand continues to be one of the main drivers for Bitcoin (BTC) in the coming month. According to a July 29 analysis by CryptoQuant analyst Arab Chain, the Coinbase Prime Index has moved into negative territory for the first time in two months, signaling weaker demand from US investors compared to international buyers. However, it also indicates that holders are currently more inclined to hold.
At the same time, the Trump administration continues to actively support the cryptocurrency sector. It has notably appointed pro-crypto personalities to high-level regulatory positions at the SEC and CFTC. Trump Media has also filed an application for a Bitcoin & Ethereum ETF, which is currently under review by the SEC.
A New All-Time High on the Horizon ?
As of August 1, 2025, Bitcoin is trading around $115,000, up 9% for the month. Although still 4.7% below its previous record of $122,838 set on July 14, the cryptocurrency appears well-positioned for further growth.
According to CoinCodex forecasts, BTC could continue to advance this month, with a potential increase of 12.5% that could propel it toward a new all-time high of $133,300 by August 28. Technical indicators also appear favorable, with 24 technical indicators pointing toward a possible rebound.
Wallet Investor projections are equally optimistic, targeting a maximum price of $129,490 for Bitcoin by the end of August. As for DigitalCoinPrice’s forecast, BTC could see an increase of 1.24% by mid-August, pushing the price to around $119,860.
Looking at on-chain data, the Short Term Holders MVRV and SOPR indicator points to resistance levels at $125,000 and between $133,000 and $141,000. This signal is historically one of the most reliable for identifying potential peak zones and trend reversals.
With funding rates dropping and massive liquidations of shorts above $120,000, Bitcoin is more likely to reach for a new peak in the coming weeks.
Additionally, Bitcoin has partially filled its CME gap at $114,000, providing new confluence for a rebound. Bitcoin could still drop to between $112,000 and $113,800, so caution is still advised in the short term.
