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Bitcoin eyes a comeback in August, aiming to surpass $70,000 despite a 25% year-to-date drop.

Market News
21 Jul 2026
Zycrypto
View Source
Bullish
pluang ai news

Bitcoin, currently down over 25% year-to-date and 48% below its October 2025 all-time high, is showing signs of a potential relief rally in August. Crypto ratings platform Weiss Crypto predicts Bitcoin could climb back above $70,000 next month, though this is unlikely to trigger a full bull run. Market data shows Bitcoin's structure remains fragile, with declining spot demand posing a risk to sustained gains. Despite this, Bitcoin has recently gained 4.89% over the past week and is valued at around $66,230 per coin, suggesting cautious optimism among investors.

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