**Bitcoin Holds Steady Amid Market Speculation**

Bitcoin saw a 4% rise between Aug. 21 and Aug. 22, maintaining its $60,000 support level. Analysts suggest that breaking the $62,000 resistance is crucial for a bullish trend. Despite current stagnation, confidence remains high due to potential expansionary measures from the US Federal Reserve.

**Key Points:**

- Bitcoin must surpass the 200-day moving average to resume its bull trend, according to analyst Decode.

- Investors are bullish for Q4 but expect a quiet August-September.

- The Federal Open Market Committee may cut interest rates on Sept. 18, possibly boosting Bitcoin.

- Bitcoin remains 16% below its June 2024 high, while gold and the S&P 500 are near record levels.

- Spot Bitcoin ETFs saw $226 million in net inflows recently, indicating growing interest.

As the US presidential elections approach, candidates are likely to support the crypto industry, potentially aiding Bitcoin's climb above $62,000 by year-end.