Bitcoin Price Forecast, Prediction: IG Sees $95,000

The Bitcoin price is holding near $79,000 after a 25% August surge, with fresh forecasts ranging from $83,000 to a possible $126,000 retest.

The Bitcoin to US Dollar (BTC/USD) <a href="https://xpertsstudio.com/coinone-follows-digital-x-with-zero-fees-as-exchange-price-war-erupts/” title=”Coinone Follows Digital X With Zero Fees as Exchange Price War Erupts”>exchange rate traded around $78,900 early on Wednesday after briefly breaking above $81,000 for the first time since May.

Bitcoin has now gained around 25% in August, with the month’s range stretching from $62,232 to $81,142, although Tuesday’s close at $78,512 showed buyers are still struggling to hold the first push above $80,000.

That has shifted the forecast debate noticeably since our previous Bitcoin forecast.

Fresh calls now put $83,000 as the first breakout objective, $95,000-$100,000 as the next larger zone, while Standard Chartered says even its existing $100,000 year-end forecast may prove too conservative.

The latest BTC/USD chart above shows just how sudden the change has been, with BTC spending most of early August close to $63,000-$65,000 before surging well above its rising 20-day moving average.

Bitcoin Forecast: $83,000 Is the Immediate Test

Joel Kruger of LMAX Group now sees $83,000 as Bitcoin’s next significant target after the recovery through $80,000.

Ryan Lee, chief analyst at Bitget Research, has a slightly broader view and sees a sustained break above $80,000 opening the $82,000-$87,000 area, provided ETF demand continues.

“The durability of the rally now depends on whether institutional buying continues after forced liquidations have cleared,” Lee said.

His near-term scenario also leaves room for a pullback towards $75,000-$76,000 after such a rapid move.

Chris Sullivan of Hyperion Decimus goes further on the downside buffer, arguing that Bitcoin would need to hold roughly $67,000-$70,000 if a deeper correction develops.

This makes the structure fairly clear: $80,000-$83,000 is the immediate breakout zone, while the mid-$70,000s have become the first meaningful area bulls would want to defend.

IG Sees $95,000-$100,000 on a Clean Break

The more ambitious short-term forecast comes from IG market analyst Tony Sycamore.

Bitcoin’s move above $80,000 came as Treasury bond buybacks, a softer Dollar and renewed concerns about currency debasement pushed investors towards both physical and digital scarce assets.

“A sustained break above here would open the door for a move towards $95,000-$100,000,” Sycamore said.

That would take Bitcoin back towards levels last seen near the beginning of 2026 and erase much more of the decline from last October’s $126,000 record.

Reuters also noted that BTC is heading for its strongest monthly gain since November 2024, with Treasury intervention becoming an important part of the latest macro story.

The connection is similar to what we have seen in gold: attempts to suppress long-dated Treasury yields can weaken the Dollar or raise fears that governments are becoming less tolerant of market-imposed borrowing costs.

Bitcoin’s fixed supply makes that an obvious narrative for crypto investors, even if the policy impact itself remains contested.

Standard Chartered: $100,000 Could Be Too Low

Standard Chartered’s formal end-2026 Bitcoin forecast remains $100,000, but Geoff Kendrick has become noticeably more optimistic following the latest breakout.

“For the first time this year there is now a risk my end year forecast of USD100k is too low,” Kendrick said.

He now believes Bitcoin could retest its previous $126,000 all-time high before year-end if spot ETF demand continues to recover, although Standard Chartered has not formally replaced its $100,000 target with $126,000.

Kendrick also described the Treasury’s latest bond-market action as “exactly the type of thing Bitcoin loves”.

That gives the bank’s forecast a noticeably different flavour from earlier in the summer, when the focus was on whether Bitcoin had finally found a floor near $60,000.

The upside case now depends increasingly on genuine buying rather than another squeeze.

ETF Flows Are Becoming the Key Confirmation

US spot Bitcoin ETFs attracted $1.92bn in net inflows over the five sessions to 21 August

Citi analyst Alex Saunders says “ETF flows remain the key catalyst to watch” and the “most-important driver of price action”.

That matters because a significant chunk of the initial rally came from short sellers being forced out.

Xapo Bank investment manager Gadi Chait estimates that ETF demand represented genuine new capital, whereas the liquidation-driven element cannot simply repeat once those bearish positions have disappeared.

There is also a risk building on the other side now.

Laser Digital’s derivatives desk says leveraged longs have started accumulating after most short positions were cleared, leaving the market more vulnerable to a sharp liquidation-driven decline if the rally suddenly stalls.

So, yes, the backdrop has improved considerably, but $80,000 is not a free pass to $100,000.

Bitcoin Price Outlook: PCE and Jackson Hole Are Next

The immediate macro test arrives today when the US Bureau of Economic Analysis releases July PCE inflation and the second estimate of Q2 GDP.

The Fed’s preferred inflation measure is particularly important after the latest decline in Treasury yields helped fuel Bitcoin’s recovery.

Attention then shifts to the Jackson Hole Economic Policy Symposium, which runs from 27-29 August, with Fed Chair Kevin Warsh scheduled to speak on Friday.

A softer inflation report and relatively restrained Warsh message would help preserve the liquidity and Dollar backdrop behind the rally.

A hawkish surprise could bring the $75,000-$76,000 consolidation zone back into play before Bitcoin gets another attempt at $83,000.

For now, the fresh forecast ladder is unusually neat: $83,000 first, $87,000 above that, $95,000-$100,000 on a sustained breakout, and potentially $126,000 if Standard Chartered’s more bullish scenario develops.

UK readers can track the same move through our live Bitcoin price in Pound Sterling.

The $100,000 forecasts no longer look remote after Bitcoin’s August surge.

Whether they become realistic base cases now depends on something the short squeeze alone cannot provide: sustained spot demand.

Source: www.exchangerates.org.uk