Bitcoin Reaches All-Time High Monthly Close Despite Pullback

Bitcoin ended July 2025 with its most impressive monthly close to date, registering $115,800 on Coinbase, according to Cointelegraph Markets Pro and TradingView. Despite some turbulence caused by macroeconomic developments, the monthly candle solidified Bitcoin’s momentum and marked the first time the cryptocurrency finished a month above the $115,000 threshold. The last-minute pullback in Bitcoin’s price did little to undermine its bullish trajectory. Markets were shaken after U.S. President Donald Trump unveiled a range of new tariffs, including increasing those on Canadian imports from 25% to 35%. These moves impacted risk assets across the board, with the S&P 500 continuing its four-day losing streak to close at 6,339. Market Sentiment Cools Slightly The market’s risk-off reaction was also reflected in the Fear & Greed Index, which dipped by 10 points to settle at 65 — still within the “greed” zone. Despite these headwinds, analysts remain upbeat about Bitcoin’s trajectory. Crypto analyst Mags interpreted the recent dip to $115,000 as a bullish retest of the neckline in an inverse head-and-shoulders pattern, suggesting that the uptrend remains intact. “The measured target of this pattern on the weekly chart is $172,000,” Mags posted on X. “It’s just a matter of time before Bitcoin price goes vertical.” Traders Eye August for Further Gains Michaël van de Poppe, a well-known crypto trader and entrepreneur, echoed similar optimism about the coming months. “The markets have started correcting, which means that it’s time to accumulate your next positions for the next run,” van de Poppe stated on X. “Perhaps August is a month of stabilization, and we’ll go back up later in the month for Altcoins and Bitcoin.” Price Range Remains in Bullish Territory Bitcoin continues to trade within a tight band of $115,000 to $121,000, with data suggesting that a larger breakout remains likely. CoinGlass reported that BTC finished July with an 8.13% gain, aligning with historical post-halving trends. However, the month of August traditionally hasn’t been as favorable, with average returns of only 1.61%. Post-Halving Augusts Tell a Different Story Despite August’s usual reputation, Bitcoin has historically performed strongly during post-halving years. In 2013, 2017, and 2021, Bitcoin saw respective August gains of 30%, 65%, and 14%. Analyst Alpha Finder pointed this out on X, saying, “In 2017 and 2021, $BTC did massive returns in the month of August.” Another user, Crypto B, added, “If history repeats itself, get ready for a strong August.” While past performance is no guarantee of future results, the historical context provides further support to bullish sentiment heading into the second half of Q3.