Bitcoin closed the month down about 20%, which is its worst month since June 2022. The BTC price climbed to $65,470 on July 16 after softer inflation data, and sellers pushed it straight back to $64,000. It has stayed above the current BTC price since June, so Bitcoin needs a weekly close above $66,000 to break the resistance. Bitcoin Price Prediction for August 2026Here are the three scenarios for where Bitcoin could trade this August. Bullish prediction: $68,000 to $70,000Bitcoin could reach $68,000 to $70,000 if inflation cools in the August 12 report and traders price the September hike back out.