An analyst from CryptoQuant, known by the pseudonym Yonsei_dent, has predicted that Bitcoin could reach the peak of its current market cycle by the end of August. This conclusion was drawn after analyzing the MVRV (Market Value to Realized Value) metric.
A Repeat of the 2021 Scenario?
According to the expert, the current market dynamics resemble the structure observed in 2021. Back then, the 365 DMA indicator formed a double top, with the second peak marking a turning point before a prolonged downtrend. Yonsei_dent suggests that a similar pattern might occur in 2025, specifically on September 10.
However, the analyst emphasized that MVRV is a lagging indicator. As a result, the actual price peak of Bitcoin could happen earlier, likely by the end of August 2025.
Yonsei_dent also highlighted that this forecast aligns with broader market expectations, including a possible rate cut by the Federal Reserve and changes in the global macroeconomic environment.
Recommendations for Investors
The analyst advised investors to maintain a balance between optimism and caution, enhance their risk management practices, and remain flexible in their strategies.
Current Market Situation
As of July 27, Bitcoin’s price exceeded $119,000, recovering from a recent drop to around $114,500. This upward movement was supported by positive news — the U.S. and China agreed to delay the imposition of new tariffs for 90 days, easing geopolitical tensions.
At the time of writing, Bitcoin is trading at $118,889. Over the past week, the price has decreased by 0.2%, but in the last month, it has risen by 10.6%.
Investor Ted Pilosu stated that a key level for further movement is breaking through $119,500. He suggests this could happen in August, signaling the beginning of a new phase of growth.
Analyst Rekt Capital pointed out the closure of the daily candle above an important technical range. He believes that a pullback to $120,000 would be a retest of support, confirming the strength of the current trend.
On the other hand, CrypNuevo identified the range of $114,500–113,600 as an area of increased liquidity. He called it the “natural target” for a short-term pullback.
Volatility and Liquidation Levels
According to data from Coinglass, the “maximum pain” for sellers is at $119,020 — this is where the largest number of short positions could be liquidated. A return to historical highs near $123,000 would trigger the liquidation of over $1.1 billion in short positions.
Coinank analysts agree that a strong resistance has formed in the $119,000–120,000 zone, due to dense liquidation clusters in this range.
Expert TheKingfisher warned of the possibility of increased volatility in the near future, which could result in sharp moves both upward and downward.
Conclusion: The current Bitcoin market situation remains tense but potentially favorable for growth. Analysts warn of a possible peak in August but stress the importance of caution and effective risk management in the face of high volatility.
