Bitcoin: August Weakness Precedes Stronger Markets

Bitcoin usually posts weakness in August, yet @CryptoMichNL flags stronger periods ahead and urges traders to accumulate positions while avoiding leverage.

Price action on the 4h chart places BTC at $63061.77 beneath the EMA50 at $64110.12 and EMA200 at $63862.32, locking in the bearish structure while the MACD death cross at -362.49 and neutral RSI of 39.04 keep momentum subdued inside the Bollinger Bands whose upper resistance sits at $65332.63. Institutional desks watching BTC price prediction models now treat the 50-EMA as primary support and the lower band at $62447.98 as the next volatility exhaustion target before any seasonal rebound materializes.