**Bitcoin's Summer Slump May End with a Bullish Breakout**

Bitcoin's summer lull might finally end if it closes August in the green. To achieve this, BTC needs to rally over 7% from its current $59,960 to surpass $64,300. Bitfinex analysts see recent price actions as positive, though the market remains illiquid with low-volume moves.

Despite struggling to trade above $60,000, Bitcoin faces resistance at $63,900. Analysts warn that summer's low liquidity could extend into September, potentially increasing volatility.

Interestingly, lower interest rates could spark a Bitcoin bull market in early 2025, according to Nexo's Kristian Hapalampiev. Investors are eyeing the Federal Reserve's upcoming meeting on Sept. 18, with a 65.5% chance of a 25 basis-point rate cut.