Finbold Predicts Bitcoin Will Hit $59,981 by August 31

Finbold's machine learning algorithm has predicted that Bitcoin (BTC) will trade at $59,981 by August 31, 2026. This estimate is based on analysis of technical tools such as moving averages and the relative strength index.

The algorithm's prediction comes after a substantial recovery in July, but Bitcoin reversed course later in the month. The reversal was attributed to renewed uncertainty over the passing of the CLARITY Act vote.

Of the eight models used by Finbold's predictive system, DeepSeek proved the most bearish, forecasting a drop of 8.17% to $57,300. On the other hand, OpenAI's GPT-5.7 Luna predicted that Bitcoin would remain almost flat and trade at $61,800.

Bitcoin has enjoyed a resurgence in July, with its price up 1.70% over the last 30 days. However, it remains substantially in the red for the year, down 28.62%, and is roughly 50% below its all-time high recorded in late 2026.