Will the price of Bitcoin be above $62,000 on August 4?

Analysis

What happened Bitcoin has traded in the $63,000 to $64,000 range over the past two days. Technical commentary points to support near $62,800 to $62,900 and resistance close to $63,500 to $63,550. A TD Sequential sell signal has also appeared. August has historically been a weak month for the coin, adding to near-term pullback risk. Why it matters Bitcoin is sitting around $63,400 heading into the final stretch before this market settles on the noon ET candle. That is roughly $1,400 above the $62,000 line. That sounds comfortable, but the past week has been choppy. The Coldcard wallet exploit rattled smaller holders. Strategy kept trimming its BTC stack. ETF flows have turned negative again. Together these factors have capped any real bounce and pushed sentiment toward cautious to bearish. Still, price action over the past few days has mostly held in the $62,300 to $63,500 band. The coin has not shown the kind of sharp breakdown that would suggest a fast move under $62,000 within hours. Traders described the recent slide as thin-volume drifting rather than panic selling. That distinction matters for how the next move plays out. Eroteme's prediction Eroteme AI expects Yes. What to watch next Watch how price behaves around the $62,800 to $62,200 support band and the $63,500 to $63,550 resistance zone. Any breakout or breakdown in spot BTC/USDT on Binance ahead of the August 4, 12:00 ET candle close will be the clearest signal.