Bitcoin (BTC) Price Prediction: Bitcoin Rebounds After Tariff-Led Selloff—Is a $140K Rally Still Possible This August?

After facing steep losses, Bitcoin has managed to stabilize above $114,000. A shaky macro backdrop, highlighted by weak U.S. job data and renewed trade tensions, weighed on sentiment last week. However, steady ETF inflows and institutional accumulation are keeping hopes for a near-term breakout alive.

Bitcoin Price Today: Stabilizing After a Tariff-Induced Drop

Bitcoin price today is holding near $114,700, showing signs of recovery after a volatile week triggered by macroeconomic pressure. Over the past several days, Bitcoin shed nearly 3% as concerns about a slowing U.S. economy and global trade disruption prompted a broader shift away from risk assets.

Bitcoin (BTC) was trading at around $114,754, up 0.91% in the last 24 hours at press time. Source: Bitcoin Liquid Index (BLX) via Brave New Coin

The decline followed disappointing U.S. nonfarm payrolls data, which fell short of expectations and signaled potential weakness in the labor market. The situation intensified after President Trump dismissed the head of the Bureau of Labor Statistics, casting doubt on the credibility of future government reports.

Although Bitcoin isn’t directly impacted by job figures or tariffs, it remains highly responsive to broader economic sentiment. When investor confidence dips, assets like BTC often experience increased volatility.

Bitcoin Technical Analysis: Key Levels to Watch in August

Technically, Bitcoin is trading just beneath a key resistance band between $115,000 and $120,000. This range has served as a pivotal zone in previous cycles. A clean move above the upper boundary could signal the start of a stronger rally.

BTC stays bullish above support, facing 0.5 Fib rejection while eyeing a breakout toward the $121K target. Source: SILICIDE on TradingView

Indicators present a mixed picture. The Bitcoin RSI indicator is sitting in a neutral zone, offering little guidance. Analysts are closely monitoring spot market activity, ETF volumes, and mid-term price patterns for confirmation of a possible breakout.

If Bitcoin can push past $120K with strong volume support, it could target the $130K–$140K range, potentially retesting all-time highs. Otherwise, failure to gain traction may keep prices range-bound through August.

Institutional Demand and Bitcoin ETF News Fuel Optimism

Institutional participation remains a bright spot for Bitcoin. In July, U.S. Bitcoin ETFs recorded a record $12.8 billion in inflows, suggesting ongoing demand from large-scale investors. The rising interest has led to a tighter circulating supply, which could support price strength if it continues.

MetaPlanet Inc. plans a major fundraising to grow its massive Bitcoin treasury—Japan’s unstoppable BTC powerhouse! Source: @arkham via X

Meanwhile, Japan’s Metaplanet Inc. expanded its Bitcoin holdings this week by acquiring 463 BTC, raising its total stash to 17,595 BTC. The firm also announced a $3.7 billion capital raise to purchase more Bitcoin, underlining its commitment to the asset.

Momentum from institutional buyers has added weight to the growing view of Bitcoin as a treasury or strategic asset. The proposed BITCOIN Act of 2025, now being reviewed in Congress, could mark a turning point in U.S. crypto policy. The legislation aims to establish a Strategic Bitcoin Reserve, adding a layer of national interest to the digital asset. Currently, the U.S. government is estimated to hold around 200,000 BTC—positioning itself as one of the largest sovereign holders of Bitcoin globally.

Looking Ahead: Halving 2025 and the Bigger Bullish Picture

As the 2025 Bitcoin halving approaches, long-term investors are already focusing on the event as one of the main catalysts. Historically, halvings, where rewards to miners are cut in half, have tightened supply and fueled extended bull cycles. The trend continues to underlie the overall bullish thesis.

BTC shows a bullish breakout setup from a descending channel with support near $113K and a target above $122K. Source: Trunicques180 on TradingView

At the same time, network upgrades like the Bitcoin Lightning Network are accelerating and streamlining transactions. Meanwhile, Bitcoin as a hedge against inflation is gaining traction with both institutional investors and sovereign nations alike, bolstering its long-term case.

Market Sentiment: Guarded Optimism In The Face Of Macro Headwinds

Despite the ongoing macroeconomic uncertainty, sentiment is cautiously optimistic. Solid ETF inflows, favorable policy momentum, and tightening supply are named as forces serving to offset recent volatility.

The TD Sequential has issued a buy signal on Bitcoin’s 12-hour chart. Source: Ali Martinez via X

Bitcoin’s price continues to react to broad economic indicators, yet growing participation by sovereign and institutional investors is steadying its trajectory. If ETF demand continues to hold up, it may mute the shocks of short-term liquidations and turn market pullbacks into a buying opportunity.

The second halving will also reduce miner revenues, which would mute selling pressure and tighten the overall supply-demand dynamics on the way toward 2025.

Final Perspective: Will Bitcoin Hit $140K in August?

While we navigate the month of August, everyone is holding their breath to witness whether Bitcoin can pierce through the crucial $120,000 resistance level and inch towards the $140K threshold. It will all depend on future economic indicators, investor sentiment, and the speed of institutional inflows.

BTC recovers above $114K amid economic uncertainty, eyeing $140K target with key support at $113K. Source: @hatuancp via X

Despite the short-term volatility, the general setup remains bullish. With the halving looming large on the horizon, regulatory clarity improving, and institutional demand picking up, Bitcoin appears well-positioned for its next potential breakout. A determined break above $120K may be the trigger for the next leg higher.