Trading expert sets Bitcoin price for August 2025
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 ...