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Market Overview: BTC & ETH Enter a New Growth Phase
Bitcoin (BTC)
As of August 14, 2025, Bitcoin has set a new all-time high, surpassing $124,000. The rally is fueled by optimism over potential Fed rate cuts, strong institutional inflows, and growing adoption of crypto ETFs. Additional momentum comes from the Trump administration’s approval for including crypto assets in 401(k) retirement accounts.
End-of-August forecast:
If the ATH breakout holds, BTC could target $125,000–$128,000.
If momentum fades, strong support lies at $114,000–$112,000.
Ethereum (ETH)
ETH is currently trading around $4,780, marking its highest level since 2021. Technical indicators show a bullish engulfing pattern on the weekly chart, signaling strong buying pressure.
End-of-August forecast:
A breakout above $4,800 could push ETH toward $5,500–$6,000.
Potential longer-term targets: $7,000–$7,500 by year-end, with some bullish scenarios pointing to $8,000, driven by institutional demand and innovative projects building on Ethereum.
Key Takeaways:
Both BTC and ETH are benefiting from institutional demand, ETF adoption, and favorable macroeconomic conditions.
Watch for key breakout levels ($124K for BTC, $4.8K for ETH) to confirm continuation of the bullish trend.
Support zones remain important for spotting potential corrections.
Conclusion:
August could bring further upside for BTC and ETH if bullish momentum continues. New record highs are within reach — traders should closely monitor breakout confirmations and ETF inflow data.
Stay with SteadyGrowth Team and save your assets!