Despite a positive July with Bitcoin hitting a new all-time high at $122,838, August looks challenging for the leading cryptocurrency. Analysts foresee a possible correction to $100,000, a high level but a retreat from recent peaks.
One of the key indicators at present is the continuous decline in Bitcoin reserves on exchange platforms. This movement reflects a growing desire among investors to withdraw their BTC, often to hold them long-term, beyond the reach of quick sales.
Historically, this dynamic often precedes bullish phases in the market. Analysts therefore view this as a positive medium-term signal, even in an uncertain environment.
Meanwhile, the latest macroeconomic indicators in the United States have not reassured markets. Inflation remains high, while growth is slowing, reinforcing fears of a recession. These tensions have weighed on Bitcoin in August, with the cryptocurrency being particularly sensitive to signals from the Federal Reserve. A price correction in the short term cannot therefore be ruled out.
Despite this volatility, the medium-term outlook for Bitcoin remains solid. The decline in reserves on exchanges reinforces the idea of reduced selling pressure, conducive to a future price increase. For investors seeking opportunities, the coming weeks could represent an interesting entry point, provided they closely monitor the American economic situation.
Here’s a guide to obtaining Bitcoin in August :
Bitget is a popular platform for trading Bitcoin (BTC) thanks to its major advantages :
Passionate about cryptocurrencies since 2019, I cover the latest news through clear and accessible articles. My goal is to make crypto understandable for everyone, with reliable and well-researched content.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
