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- In August, Bitcoin experienced a 6% drop, marking its first monthly loss since February after briefly reaching an all-time high of over $124,000.
- In contrast, Ethereum enjoyed a 25% gain in August due to accumulation, while Bitcoin showed weakening momentum accompanied by decreasing volume.
- Michael Saylor may suggest a new purchase as Bitcoin stabilizes around $108,800, indicating a price range similar to its current levels.
On August 31, 2025, Bitcoin prices hovered around $108,800, reflecting a 1% drop within the day, contributing to a 6% loss for the month—the first negative month since February.
This downturn followed Bitcoin reaching about $124,500 on August 14th, prompting traders to redirect their investments toward Ethereum. Meanwhile, Ethereum’s gains were backed by strategic reserves accumulated by companies like Sharplink Gaming and Tom Lee’s Bitmine.
Historically, August has been a mixed month for Bitcoin, with eight losses noted over the last decade. However, notable rallies occurred in previous years, like a 73% surge in 2017 and a 17.7% rise in 2022. Current trends suggest that BTC has typically performed well in September, October, and November, raising hopes for a rebound.
Additionally, macroeconomic conditions might favor Bitcoin. Following several remarks from former President Donald Trump, Fed Chairman Jerome Powell hinted at a hawkish stance in his late August speech at Jackson Hole.
After hints of a hawkish outlook, CME Group analysts placed an 86.4% probability on a cut from the US Federal Reserve in 2025 during the upcoming FOMC meeting on September 17. This potential increase in money supply could enhance the outlook for riskier assets and reflect bullish trends observed in 2023 and 2024.
Bitcoin is still on sale. – Michael Saylor (@saylor) August 31, 2025
Looking ahead, Bitcoin seems to have reached a local low near $108,000. Speculation arose from Michael Saylor’s recent cryptic posts, hinting at a fresh Bitcoin purchase. A resurgence in activity from institutional players could provide the liquidity and emotional boost the market needs, especially with rising volumes.
Bitcoin Price Forecast: Is $108K the Bottom Before a September Rebound?
At first glance, Bitcoin’s technical indicators signal stability near significant support levels. The Bollinger Bands appear just above the lower limit at $106,529, suggesting excess conditions from the recent sell-off. The MACD remains negative, with ongoing bearish momentum suggesting potential reversal changes.
The initial resistance level is noted at around $114,384, which is the 20-day moving average. A breakthrough beyond this could set the stage for a strong bullish momentum, with the $122,000 upper Bollinger Band being retested and possible ascendancy to $118,000.
On a downside note, immediate support stands at the local low of $108,000. If this breaks, Bitcoin risks dropping to the Bollinger Band floor at $106,500. Should this level falter, traders might see more significant corrections toward $102,000 before buyers step in again.
In summary, Bitcoin seems to be gearing up for further lateral movement in the short term, given that spot trading volumes fell by 29% on Sunday and momentum indicators remain bearish. However, If Saylor’s hints about purchases materialize alongside anticipated Fed rate reductions, BTC could regain upward momentum in September.
Maxi Doge Presale Approaches $1.9 Million Target as Bitcoin Prices Struggle
As Bitcoin remains stable at around $108,000, some traders are exploring speculative tokens like Maxi Doge (Maxidoge).
Currently valued at $0.000253, the Maxi Doge presale has already raised $1.6 million of its $1.9 million target, with just two days left before the next price increase. This project is attracting attention from risk-seeking traders who view it as an alternative opportunity while Bitcoin stabilizes.
Investors interested in an early entry can explore maxi dodge tokens on their official site.
