Bitcoin’s August Showdown: Will It Plunge Below $90K or Rocket to New Highs?
Bitcoin's August drama unfolds as bulls and bears clash at a critical inflection point. The $90,000 level looms large—will it crack under pressure or become a launchpad for the next leg up?
Market watchers split as volatility surges
Traders are glued to charts as Bitcoin teeters between two starkly different futures. Some whisper about a 'black swan' liquidation cascade, while others point to historical August rebounds that caught shorts off guard.
The institutional wildcard
Wall Street's latest crypto plays could tip the scales—if you believe their 'risk management' teams actually understand blockchain timestamps. Meanwhile, retail traders alternate between panic-selling and FOMO-buying like it's 2021 all over again.
One thing's certain: someone's about to get rekt. Will it be the over-leveraged degens or the smug 'I told you so' gold bugs? Place your bets.
- Bitcoin trades at $114K, still 7% below its July all-time high of $123K amid mixed market sentiment.
- Robert Kiyosaki warns of a drop below $90K, calling it the “Bitcoin August Curse,” but says he’ll double down if it happens.
- Analysts cite healthy consolidation, with strong support between $100K and $110K keeping the long-term bull case alive.
Bitcoin finds itself at the center stage again following a rollercoaster week of macroeconomic fluctuations and contradicting remarks from significant market representatives. The number one cryptocurrency saw notable volatility when the U.S. Federal Reserve decided to maintain the interest rates at its policy setting on Wednesday, July 30, something that initially bewildered the market.
Nonetheless, by Sunday, August 3, the virtual currency had recovered from the downtrend. At the time of writing, Bitcoin is trading at $115,242 with a 24-hour trading volume of $35.19B and a market cap of $2.29T. BTC price increased 1.30% in the last 24 hours.
Despite such time-based appreciation, however, BTC has remained some 7% shy of its mid-month July all-time high of $123,091, an indicator that investor caution still exists.
Bitcoin Faces Potential August Crash Ahead
Fueling the market volatility, well-known Rich Dad Poor Dad author Robert Kiyosaki, an outspoken advocate of nontraditional investments, has issued a grim warning. Posting on X (Twitter) on August 4, Kiyosaki predicted his so-called “Bitcoin August Curse,” when he expected the cryptocurrency to drop below $90,000.
BITCOIN CURSE: Will the “Bitcoin A
August Curse” crash Bitcoin’s price to below $90k?
I hope so.
I enjoyed an exciting educational summer attending “The Collective” and “Limitless Financial Education Event.” Learning about what lies ahead with speakers such as Larry…
“If the August curse of Bitcoin materializes and BTC declines, I’m ready to 2x my position as of today,” Kiyosaki said. He hoped that the market would go down, so he bought more.
Bitcoin Holds Support as Bullish Momentum Builds
Unlike Kiyosaki’s negative forecast, there are some analysts who continue to believe that the market has a positive future. Master Ananda, one of TradingView’s best analysts, thought on August 3 that the current movement of prices reflects a natural consolidation phase that’s part of Bitcoin’s long bull cycles.
Ananda highlighted a robust support area from $110,000 to $100,000, which he said acted as a psychological barrier and a significant technical floor level. Holding prices over $100,000 on a sustained basis keeps the overall bull trend alive, said the analyst.
But if that level fails on a closing basis on a weekly basis or on a monthly basis, it may prompt a reconsideration of the trend of the market.
As the debate continues, BTC investors gear up for a make-or-break August. As macro pressures, public speculation from mainstream figures, and historical tendencies of consolidation all converge, the market’s next MOVE may dictate the tone for sentiment into Q4 2025.
