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Analyst: Bitcoin Drops to $60K in August Before Rebounding to $70K

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FOMOGRAM Editorial Desk
Aug 1, 2026
98.5% CONFIDENCE
Bitcoin.com News FEED
Analyst: Bitcoin Drops to $60K in August Before Rebounding to $70K
EXECUTIVE SUMMARY

Andrey Poroshin, a financial analyst at Bitbanker, an exchange with a presence in Russia, the UAE, and Kyrgyzstan, stresses that bitcoin will retest $60K lows as excess liquidity is withdrawn to recover $70K later, a price still below the base cost of mining in the U.S. Analyst: BTC To Retest $60K Levels In August But […]

Andrey Poroshin, a financial analyst at Bitbanker, an exchange with a presence in Russia, the UAE, and Kyrgyzstan, stresses that bitcoin will retest $60K lows as excess liquidity is withdrawn to recover $70K later, a price still below the base cost of mining in the U.S. Analyst: BTC To Retest $60K Levels In August But […]

FOMOGRAM SENTINEL GRAVITY TELEMETRY

Analyst predictions of Bitcoin dropping to $60K may trigger bearish sentiment among traders, impacting short-term trading strategies.

BTC OVERALL MARKET INDEX: 50 / 100 (NEUTRAL)

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