Bitcoin Price Forecast: Analysts See $85K in Q3, But a Mid-August Dip Is Likely
Bitcoin has shown strong momentum since reclaiming the $70K level, and several analysts believe that the rally may continue toward $85,000 by late Q3 2025. However, they also warn of a potential short-term correction in August due to a combination of technical resistance and macroeconomic factors.
Key Price Targets and Timelines
- Q3 Target: $85,000 (upper range by end of September)
- Short-term resistance: $72,400
- Support zone: $67,500 – $68,200
Why a Mid-August Pullback Is Expected
Multiple indicators suggest that Bitcoin is entering a short-term overheated zone:
- RSI on daily charts is nearing 78, indicating overbought territory.
- Futures open interest has hit a 6-month high, raising liquidation risks.
- U.S. Fed meeting: Scheduled for August 14 – any hawkish signals could spark a temporary risk-off move.
What the Analysts Say
Top crypto analyst Michaël van de Poppe tweeted:
"I still see BTC moving to $80K+ in Q3, but we need a clean retest of $68K-$70K. August will likely be choppy."
Meanwhile, CryptoQuant reports that exchange inflows have slightly increased, possibly indicating that some traders are preparing to take profits soon.
Conclusion
While Bitcoin’s long-term trajectory appears bullish, traders should prepare for possible volatility in the coming weeks. Keeping an eye on macroeconomic developments and technical zones will be key to navigating the August setup.
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