Bitcoin: Analyst Sets $68,000 August Target

Bitcoin printed a fairly strong daily candle, with @CryptoMichNL targeting $68,000 in early August and a subsequent breakout to $75,000+. BTC price prediction models now incorporate the current $63844 level against a bearish 4h structure where price holds below the EMA50 at $64572.94 and EMA200 at $63900.98 while the MACD death cross at -303.86 reinforces downside pressure; yet with RSI at 42.38 remaining neutral and price contained inside the Bollinger bands between $63158.54 support and $65662.89 resistance, a short-term push toward the upper band could still fuel the daily momentum before any deeper retracement to the 50-EMA confluence.