Bitcoin's price dropped to beneath $117,000, as per the decision of the analyst
In the world of cryptocurrency, the digital gold, Bitcoin, experienced a minor pullback on August 12, 2025, dipping to around $118,000. However, leading analysts like Michael van de Poppe from MN Trading and Rekt Capital view this as a short-term correction within a broader uptrend.
The price decline, while significant, is still within a healthy trading range. This follows a recent all-time high over $124,000 earlier in August 2025. The market sentiment remains mostly bullish, supported by solid on-chain fundamentals and inflows into exchange-traded products and digital asset treasuries.
Michael van de Poppe, in particular, anticipates a continuation of the bullish structure, potentially driving Bitcoin toward the $130,000 level in August or shortly thereafter, provided it holds above $116,000. Forecast models by multiple experts suggest that Bitcoin might fluctuate between approximately $116,000 and $121,000, with some forecasts reaching as high as $130,000 by late August.
Charles Edwards, founder of Capriole Investments, has estimated the fair value of BTC to be $167,800. The overall market context includes improving investor sentiment, continued institutional interest, and growing adoption, which favor further price appreciation despite short-term volatility.
On August 11, 2025, Bitcoin rose to $122,150, close to the historical maximum of $123,100 on July 15th. Despite the potential elimination of longs worth $1.63 billion, Michael van de Poppe maintains a positive outlook for Bitcoin. He explained that Bitcoin took all the liquidity at the highs and immediately rolled back to the upper limit of the resistance range.
The Fear and Greed index, a popular indicator of market sentiment, is currently at 68, which indicates the 'greed' zone. This suggests that investors remain optimistic about Bitcoin's future price movements.
In a notable development, Spot Bitcoin-ETFs have attracted $178.1 million in funds in a single day, indicating growing interest from institutional investors. The level of $126,000 on Bitcoin could potentially open the way for further growth, according to Cryptotrader Rekt Capital.
In summary, the 2% decline to $118,000 is perceived as a minor correction in an ongoing bullish trend, with Bitcoin expected to regain momentum and potentially reach new highs above $130,000 by the end of August or in the near future according to MN Trading’s Michael van de Poppe, Rekt Capital, and other expert forecasts.
Forecast models by multiple experts suggest that Bitcoin might fluctuate between approximately $116,000 and $121,000, with some forecasts reaching as high as $130,000 by late August, indicating potential long-term investing opportunities in the finance sector, particularly in Bitcoin. Michael van de Poppe, an influential analyst, anticipates a continuation of the bullish structure, potentially driving Bitcoin toward the $130,000 level in August or shortly thereafter, with the price decline remaining within a healthy trading range for investing purposes.
