Current State of Bitcoin - My Research

22 days ago

Hello everyone,
I spent time yesterday doing some thorough research on Bitcoin because I like to stay updated on the market. I know most of us here follow crypto news, so I decided to share what I found. This is based on the latest data I checked as of 2:30 PM, August 24, 2025, so the information is still valid as of yesterday evening

So, let’s talk about the current state of BTC. Right now, Bitcoin price is sitting around $114,686, with a little movement up and down. Today’s high was $115,579 and the low touched about $114,566. It has been a cooling phase after Bitcoin went on a crazy run earlier this month to an all-time high of over $124,000. Right now, it’s like Bitcoin is taking a breath after a long sprint

From what I read, this drop is not a sign that Bitcoin is failing. Most analysts see it as a normal correction after a big rally. For the month of August, BTC is down about 8% compared to that $124k high. The reason for the slow movement now is because the market is waiting for some big news from the Federal Reserve at the Jackson Hole meeting. Things like interest rates can affect crypto a lot

Some experts are very bullish and believe the current cycle might last longer than we expect. A report from Bernstein says Bitcoin could go up to $200,000 within the next year and even predicts this bullish phase might stay until 2027. On the other hand, some analysts think we should not throw away the normal four year cycle idea just yet. So, there is still mixed opinion

Other predictions I saw say Bitcoin might reach $135k before this month ends, and maybe $150k by next year, especially because of big institutions coming in heavy. Companies like BlackRock and even the U.S.A government are holding a lot of Bitcoin. In fact, something surprised me during my research, the U.S. government actually has what they call a Strategic Bitcoin Reserve now. It started in March 2025 and they hold about 200,000 BTC, and they are not selling anytime soon. This shows that Bitcoin is becoming part of serious financial planning globally

When I checked the onchain data, some interesting things stood out. Bitcoin dominance dropped from 64.5% in July to around 59.7% in mid August, which means altcoins are slowly getting more market share. Transaction activity on the network also went up by 26% this month, and transaction fees are cheaper than before, which is good for users. Derivatives market shows call options are much higher than puts three times more meaning most traders are betting on price going up, even though volatility is low for now

Politics and regulations are still playing a role too. The U.S.A recently passed the GENIUS Act, which made Bitcoin even more recognized in law and helped fund their reserve. Europe is also pushing their MiCA regulation to control crypto markets better. Some people believe this clarity in law could make institutions invest more because there is less uncertainty

Looking ahead, if Bitcoin can hold above $110,000, it is a strong sign for bulls. If it falls below that, we might see another dip before the next big move. Big firms like Bitwise even predicted Bitcoin could hit $1.3 million by 2035, and ARK’s Cathie Wood thinks it could be even more, like $1.5 million, but that’s very long term. So for people holding Bitcoin for years, the outlook looks bright

For now, Bitcoin is in what Is called a cool phase after the big hype. It is still very bullish in the bigger picture, but short term moves will depend on news from the Fed, global economy, and investor confidence. If you are trading short term, you need to watch those support zones closely. But if you are in for the long game, everything I read says Bitcoin is still in a strong position

Note: This analysis and explanations is based on the research I did and read online!