BTC trading around $64K, squeezed between the bear market resistance band ($69K, falling) and the 200-week MA ($63.7K, rising).
These two lines can't converge forever. A breakout decision is coming in the next couple months: break above the band, or break below the 200W MA.
History says August is the tell. Every midterm year August since 2010 has been red (2022 down 15%, 2018 down 15%, 2014 down 18%). July was green like usual. Onchain resets like MVRV aren't fully done yet either.
Not a prediction on timing, just watching which way this squeeze breaks.