TL;DR<\/strong><\/p>\n Bitcoin (BTC) soared<\/a> to an all-time high of over $123,000 in July but is currently trading well below $120,000. And while some have started doubting the asset\u2019s potential to achieve new gains in the short term, here are three <\/span>important<\/span> factors that suggest the ongoing month can be highly beneficial.<\/span><\/p>\n Let\u2019s start with an overlook of BTC\u2019s performance in August during the past 11 years. The primary cryptocurrency has finished the month in the green zone only four times \u2013 in 2013, 2017, 2020, and 2021.<\/span><\/p>\n Interestingly, it has always managed to close August with some gains after a halving year. The latest halving, which reduced the miners\u2019 rewards for adding new blocks in half, occurred in 2024. We have yet to see whether the current month will follow the historical trend or w<\/span>hether we<\/span> will witness an exception.<\/span><\/p>\n We move on to the potential lowering of interest rates in the United States. The latest jobs data report indicated that the economy is weaker than previously expected, which means the Federal Reserve might be more inclined to drop the benchmark. According to Polymarket, the odds of such a move coming in September have soared from 35% to almost 80%. Lower rates will make borrowing money cheaper and may encourage investors to take on riskier investments, such as those in cryptocurrencies like BTC. Markets often begin pricing in such events before the actual announcement, with enthusiasm and optimism building early.<\/span><\/p>\n Lastly, we will examine BTC\u2019s MVRV, which compares the asset\u2019s market capitalization to its realized capitalization, helping traders determine whether it is undervalued or overvalued.\u00a0<\/span><\/p>\n Over the past month, the ratio has fluctuated within the healthy range of 2.2 to 2.4, indicating that there is still potential for further appreciation. <\/span>Based on<\/span> CryptoQuant\u2019s analysis, levels above 3.7 have historically aligned with cycle tops, while values <\/span>under<\/span> 1 <\/span>have corresponded with market lows. Many analysts believe BTC has much more fuel left to reach fresh peaks. X user Mags <\/span>assumed<\/span><\/a> that the asset is yet to enter the \u201cthrill\u201d and \u201ceuphoria\u201d zones, predicting a rally above $200,000. However, this usually marks the end of the bull run and could be followed by a steep correction to approximately $100,000.<\/span><\/p>\n #Bitcoin<\/a> is about to enter Thrill. pic.twitter.com\/uz1D2uGnYm<\/a><\/p>\n \u2014 Mags (@thescalpingpro) August 7, 2025<\/a><\/p>\n<\/blockquote>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
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Major Gains This Month?<\/h2>\n
![\"BTC](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/BTC_CB-18.jpg\")
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<\/span><\/p>\nWaiting for These Phases<\/span><\/h2>\n
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