Bitcoin has lost momentum after a rally toward a monthly peak, now trading around $64,000, close to the key support level at $63,800. Analyst Ali Martinez outlined two possible scenarios: a rebound to $67,000 if the support holds, or a drop to $60,000 if it breaks. Small holders of 100 to 1,000 BTC have seen their positions turn profitable, which has often preceded short-term rallies in the past. Analyst Rekt Capital noted that all recent breakout attempts have been halted at approximately $65,500, the 50-month EMA level, with declining buy-side volume suggesting increasing selling pressure. Historically, August has been unfavorable for the leading cryptocurrency, with four of the last five August months ending in the red.
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