Bitcoin Market Update – August 7th, 2025

My first key date for August was the 1st, and Bitcoin broke through support levels. However, the actual low came the day after, which may very well prove to be the monthly low if current levels hold.

Today, August 7th, BTC is trading right at resistance — $117,747 (Square-out and previous horizontal zone).From here, there’s a high probability of a rejection tomorrow, which could trigger a retest of the previous lows and Gann blue lower angle, especially the $114,900 area and even down toward $112,000 in the next few days.

 I’m still holding my outlook that the trend is likely to resume its upward move after August 11th, as multiple time/price cycles converge then.

Complex Astro Setup This Month

This month’s forecast is more difficult than usual due to the astro density:

• A key planet is moving through specific sensitive degrees between August 6–10 and again 8–13, making 5 aspects, while normally it only makes 1 or 2 per month.

• On top of that, three other major planets are simultaneously involved in tight aspects with each other, further compounding the energy and market reactions.

• This is not a typical clean cycle – expect more noise, false moves, and traps.

More detailed updates on upcoming aspects and levels will follow shortly.