CryptoQuant analyst Axel Adler Jr. stated that BTC has retraced approximately 50% from its cycle high of $126,200 on October 12, 2025, and is likely to trade in the range of $57,700 to $67,000 in August. Under a bearish scenario, BTC could test $52,800; under a bullish scenario, it must hold above $67,000 accompanied by inflows of capital, with a target range of $71,000 to $74,000. Current on-chain cost bases and net inflows into spot Bitcoin ETFs provide support, but upward momentum is constrained by high interest rates, U.S. Treasury yields, and the dollar’s trajectory. The market should monitor key macroeconomic events, including the U.S. non-farm payrolls, CPI data, and the Jackson Hole central bank symposium.
CryptoQuant analyst predicts BTC to trade between $58,000 and $67,000 in August
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Summary
According to CryptoQuant analyst Axel Adler Jr., BTC is expected to trade between $57,700 and $67,000 in August 2026. Bitcoin has retraced approximately 50% from its October 2025 high of $126,200. A bearish scenario could see BTC test $52,800, while a breakout above $67,000 accompanied by inflows may push the price toward $71,000–$74,000. On-chain cost zones and ETF inflows provide support, but elevated interest rates and a strong dollar limit upside potential. Key events include U.S. payrolls, CPI data, and the Jackson Hole symposium. Readings from the Fear & Greed Index may also influence BTC price movements.
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