CryptosBatman explained Bitcoin remains range-bound between $62,500 support and $65,400 resistance after bouncing from the lower end.
Recovering MFI flashes improving momentum, but a reclaim of the 200 EMA near $64,300 followed by a break above $65,400 is needed to strengthen the bullish setup.
Trader KillaXBT sees current Bitcoin levels as a potentially generational buying opportunity. He argues that investors rotating toward AI could eventually return to BTC at much higher prices. Bitcoin is expected to trade above $160,000 by 2029.
Trader Rekt Capital highlighted that Bitcoin risks turning a modestly positive August into a negative month. The analyst notes that this would align with the historically bearish August performance seen during bear markets.
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