Here Are 5 Things to Watch for a Bitcoin Price Comeback

Bitcoin (BTC) starts the first full week of August at a crossroads as market nerves combine with a BTC price bounce.

• After bouncing from three-week lows, BTC price action is fielding mixed targets with bigger August volatility expected.

• The market environment is now fundamentally different from Bitcoin’s old all-time highs from January, analysis says.

• Macro conditions keep the focus on the Federal Reserve as September interest-rate cut bets return.

• Bitcoin hodlers stage a mass sell-off at the start of the month, with even whales reducing exposure.

• Demand for Bitcoin remains firmly in place, helping add context to short-term market nerves.

$116,500 becomes new BTC price “magnet”

After wicking below $112,000 last week, Bitcoin is dividing opinion as data from Cointelegraph Markets Pro and TradingView shows a push toward $115,000.

Concerns over a bigger BTC price correction contrast with the belief that the retracement is over and that BTC/USD is preparing for new all-time highs.

$BTC chart couldn’t be more bullish.

Retest of previous ATH ✅

Daily Close above SMA 50 ✅

Now, BTC is looking good for a new ATH. pic.twitter.com/JZVFIr4Cjt

— BitBull (@AkaBull_) August 4, 2025

“$BTC has continued its streak of setting the high or low within the first week of the month. We’ll have to see if August is going to be any different,” trader Daan Crypto Trades summarized in his latest analysis on X.

“What we do know is that the current monthly high ($116K) has a very low chance of holding as we’ve never seen a monthly wick high this small in the past 4 years.”

Daan Crypto Trades compared recent price moves to those throughout 2025, concluding that volatility has so far been insufficient. 

“The current move from high to low is also just ~3.6%,” he noted. 

“There’s also a very high likelihood we make a larger move this month. The smallest monthly low to high difference within a month is about 10% for BTC in its past 4 years. This of course says nothing about direction.”

Fellow trader Crypto Caesar likewise eyed a “big bounce” for the start of the TradFi trading week, while comparing current price action to moves seen since May.

Analyzing exchange order-book liquidity, popular commentator TheKingfisher flagged $116,500 as a key level at which short BTC positions would get liquidated.

“Most traders are…