Bitcoin's next move hinges on one question — is the bottom already in? — with the bullish case pointing to a strong August.

• If Bitcoin already hit its low, a push to $70,000 this month looks likely.
• The upside from here is about 13%, landing a little above $70,000.
• The danger sign is a drop to $57,000, which would mean the low is not in and much lower prices follow.
• As long as the bottom holds, prices are not expected to slip back below $59,000.

Outlook: Bullish for August, with a realistic path to the $71,000–$72,000 region if the low holds.

## Bitcoin Levels

• **Bias:** Bullish
• **Buy / accumulate:** Holds expected above $59,000
• **Targets:** $70,000 this month; $71,000–$72,000 region
• **Support:** $59,000
• **Invalidation:** A drop to $57,000 signals the macro low is not in and lower prices follow