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Conception Gottshall SmJH
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Conception Gottshall SmJH

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$BTC is trading around $63,600 - $64,900 this week, up ∼0.7% on the day but still well below the late-2025 peak above $120,000. Year-to-date BTC is down over 20%. 96da8da0 *What’s driving it:* - *Macro pressure*: The Fed held rates with a 72% chance of a September hike priced in, and August is historically BTC’s worst month with a median return of -7.87% over 15 years. - *Institutional selling*: Strategy sold 1,638 BTC for $104.7M between July 27 and Aug 2 at ∼$63,957 each. It still holds 842,138 BTC. - *Security + geopolitical*: A Coldcard wallet exploit drained ∼1,000 BTC and ∼$89M total in late July. Iran-US tensions and Strait of Hormuz uncertainty are also keeping risk appetite low. - *Technical*: BTC is stuck below a downtrend line from the October $124,836 high and below a bearish moving-average ribbon from $64,000-$81,000. But weekly RSI shows a bullish divergence at 39.30, a setup that preceded past recoveries. b60496dae365c42059d9dafa *Outlook split*: Analysts are divided. Some see a short relief bounce to $65K-$68K, then a possible drop toward $55.5K-$56K support. Others point to seasonality and Fed risk for a "brutal August" before a potential Q4 recovery toward $100K by December. d4e4dafa *Bottom line*: BTC remains in a bear-market structure for 2026, but oversold RSI + weak jobs data boosting rate-cut hopes gave it a small weekly gain of ∼3.1%. Key levels to watch: resistance $64,000-$67,000, support $55,500-$56,000. dafa59d9 Here's a quick visual: ![Bitcoin price chart and analysis for August 2026](container:///mnt/data/1628614638982930.png) Want me to turn this into a 1-slide deck or add ETF flow data for your work project? {spot}(BTCUSDT) #SouthKoreaLawmakerToDelayCryptoTaxTo2030 #CLARITYActSenateVoteDelayedPastRecess #SKHynixToDiscloseShareholderReturnInQ3 #SaylorHintsStrategyBitcoinBuy
$BTC is trading around $63,600 - $64,900 this week, up ∼0.7% on the day but still well below the late-2025 peak above $120,000. Year-to-date BTC is down over 20%. 96da8da0

*What’s driving it:*
- *Macro pressure*: The Fed held rates with a 72% chance of a September hike priced in, and August is historically BTC’s worst month with a median return of -7.87% over 15 years.
- *Institutional selling*: Strategy sold 1,638 BTC for $104.7M between July 27 and Aug 2 at ∼$63,957 each. It still holds 842,138 BTC.
- *Security + geopolitical*: A Coldcard wallet exploit drained ∼1,000 BTC and ∼$89M total in late July. Iran-US tensions and Strait of Hormuz uncertainty are also keeping risk appetite low.
- *Technical*: BTC is stuck below a downtrend line from the October $124,836 high and below a bearish moving-average ribbon from $64,000-$81,000. But weekly RSI shows a bullish divergence at 39.30, a setup that preceded past recoveries. b60496dae365c42059d9dafa

*Outlook split*:
Analysts are divided. Some see a short relief bounce to $65K-$68K, then a possible drop toward $55.5K-$56K support. Others point to seasonality and Fed risk for a "brutal August" before a potential Q4 recovery toward $100K by December. d4e4dafa

*Bottom line*: BTC remains in a bear-market structure for 2026, but oversold RSI + weak jobs data boosting rate-cut hopes gave it a small weekly gain of ∼3.1%. Key levels to watch: resistance $64,000-$67,000, support $55,500-$56,000. dafa59d9

Here's a quick visual:

![Bitcoin price chart and analysis for August 2026](container:///mnt/data/1628614638982930.png)

Want me to turn this into a 1-slide deck or add ETF flow data for your work project?
#SouthKoreaLawmakerToDelayCryptoTaxTo2030 #CLARITYActSenateVoteDelayedPastRecess #SKHynixToDiscloseShareholderReturnInQ3 #SaylorHintsStrategyBitcoinBuy
$BTC around $65,000. BTC has been moving sideways around the $63K–$65K zone, with resistance near $65K. � The Economic Times +1 📊 Key levels 🟢 Support 1: $63,000–$64,000 🟢 Strong support: $60,000–$61,000 🔴 Resistance: $65,000–$66,000 🚀 Next bullish area: $68,000–$70,000 if $66K breaks convincingly. 📈 Bullish scenario If BTC breaks $66K and holds above it with strong volume, the next move could target $68K–$70K. 📉 Bearish scenario If BTC gets rejected around $65K–$66K and loses $63K, sellers could push it toward $60K–$61K. A sustained break below that area would make the setup considerably weaker. � Reddit +1 🎯 My view Short term: Neutral → slightly bullish. BTC needs a clean breakout above $66K before I would consider the bullish move strongly confirmed. ⚠️ Crypto is highly volatile. These are possible scenarios, not guaranteed prices or financial advice$ # {spot}(BTCUSDT) #BIP110SoftForkAttemptBegins #SouthKoreaProposesLooseningCryptoShareholderRules #SenateReadiesSeptemberCLARITYActVote
$BTC around $65,000. BTC has been moving sideways around the $63K–$65K zone, with resistance near $65K. �
The Economic Times +1
📊 Key levels
🟢 Support 1: $63,000–$64,000
🟢 Strong support: $60,000–$61,000
🔴 Resistance: $65,000–$66,000
🚀 Next bullish area: $68,000–$70,000 if $66K breaks convincingly.
📈 Bullish scenario
If BTC breaks $66K and holds above it with strong volume, the next move could target $68K–$70K.
📉 Bearish scenario
If BTC gets rejected around $65K–$66K and loses $63K, sellers could push it toward $60K–$61K. A sustained break below that area would make the setup considerably weaker. �
Reddit +1
🎯 My view
Short term: Neutral → slightly bullish.
BTC needs a clean breakout above $66K before I would consider the bullish move strongly confirmed.
⚠️ Crypto is highly volatile. These are possible scenarios, not guaranteed prices or financial advice$
#

#BIP110SoftForkAttemptBegins #SouthKoreaProposesLooseningCryptoShareholderRules #SenateReadiesSeptemberCLARITYActVote
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