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Bitcoin is once again flirting with its July 14 all-time high at $123,091.61, trading at $120,178.37 as of writing.
The asset has seen quite a pump in its price on Aug. 11, reaching a 24-hour high of $122,321.1 before consolidating to the $120,000 mark.
The current price is nearly 5% up over the week, but only 3% over the month. As per Bitbo, the Bitcoin Volatility Index indicates that Bitcoin has been moving in a relatively quiet range compared to the beginning of the year. The most recent estimate of 30-day volatility is 1.10% and the 60-day reading is 1.29%.
Even with price spikes and pullbacks during the day, all of the price movement shows that Bitcoin has generally behaved more moderately than during periods of high volatility before, and particularly in 2025.
In 2011, Bitcoin's 30-day volatility stood at 8.26%, while in 2025, it stands at 1.10% — a drop of about 86.7% in over 14 years.
Cowen's pattern call
Cowen believes this pattern occurs in every post-halving year, like 2025, that Bitcoin has had since its inception in 2009. This shows a rhythm that all market participants might want to pay attention to.
Bitcoin's recent price movement is reminiscent of the "up in July-August" phase, leaving traders to speculate if September will deliver the anticipated pullback before a rally in the fourth quarter.
While we can't rely on historical patterns to predict future outcomes, the closeness to an all-time high and growing institutional demand are definitely adding to bullish sentiment.
This article has been published in TheStreet via Yahoo News.
Crypto analyst issues shocking Bitcoin prediction based on historic trends
Benjamin Cowen says Bitcoin often follows the same pattern after each halving — it usually goes up in August, dips in September, before rallying again.
finance.yahoo.com
