Bitcoin weekly market update, 25 August 2025

Bitcoin spent yet another week consolidating after the breakout in early July. The conservative price target of $142k remains.

Last week, markets were mostly in standby up until Friday, anxiously waiting for Powell to spill the beans about the prospects of a September rate cut at his Friday speech in Jackson Hole.

Then Friday came. Powell spoke. The markets listened. And apparently they were happy with what they heard: rate cuts are still on the table. Stocks pumped. Bitcoin pumped. Both Ethereum and BNB put in new all time highs.

After the Friday pump, bitcoin gave back some gains over the weekend, and closed in one more week of consolidation after the breakout in early July. In other words: nothing has changed. The price target of $142k remains. Note that this is a conservative price target; it might well end up going a lot higher.

Meanwhile, bitcoin dominance kept dropping. Meaning the big altseason is still in play. At some point during the next couple of months, dominance will likely bounce. This could be because the whole market corrects, or because bitcoin sets off on its next leg up while Ethereum consolidates.

Looking at the daily chart, 55.5% could be where dominance finds support. But that’s mostly speculation. As always we’ll have to keep watching the charts week by week and take things as they come.

In summary, let’s see how the coming week plays out, but for now everything still looks good!

BTC/USD weekly chart, 25 August 2025. Still consolidating after the breakout in early July. Price target of $142k remains.

Bitcoin dominance BTC.D, 25 august 2025. Trend turning down indicates altseason is ahead.