Bitcoin’s price consolidates around $108,800 on August 31, 2025, marking a 1% intraday decline and positioning the asset for a 6% monthly loss, its first red month since February. Ethereum outperformed Bitcoin in August, gaining 25% as firms like Sharplink Gaming and Tom Lee’s Bitmine accumulated ETH reserves.

Historical data from BitcoinROI shows that August has been a mixed month for BTC, with losses in 8 out of the last 10 years. However, BTC has historically posted gains in September, October, and November for two consecutive years, raising hopes for a repeat performance.

Following hawkish hints from Fed Chair Jerome Powell, CME Group analysts price in an 86.4% chance of the US Federal Reserve’s first rate cut in 2025. This expected boost in money supply improves the outlook for risk assets, potentially setting Bitcoin on a path to mirror bullish trends of 2023 and 2024.

Bitcoin appears to have formed a local bottom near $108,000, with speculation fueled by Strategy CEO Michael Saylor hinting at fresh Bitcoin purchases. Technical indicators suggest consolidation near a critical support level, with the MACD signaling ongoing bearish momentum.

With spot trading volumes dipping and momentum indicators leaning bearish, Bitcoin price appears poised for more sideways movement in the near-term. Traders are rotating into speculative tokens like Maxi Doge, viewing it as a counter-narrative opportunity while BTC price faces prolonged consolidation. Investors can secure MAXIDOGE tokens through the official Maxi Doge site.

Read more at Yahoo Finance: Bitcoin Price Posts 5 Consecutive August Losses: Will Michael Saylor React?