**Bitcoin Bounces Back: Eyes on Monthly Close**

Bitcoin is making a strong comeback as August wraps up, with BTC/USD targeting $65,000. After a rocky start, the cryptocurrency has surged 40% from its $45,500 lows earlier this month. Traders are now keenly watching the monthly close, anticipating a potential breakout from a six-month consolidation phase.

Key points to watch:

- **Macroeconomic Data:** Upcoming data, including the PCE index and US Q2 GDP, could impact market sentiment.

- **Mining Difficulty:** Set to rise by 2.8%, nearing an all-time high.

- **Market Sentiment:** The Crypto Fear & Greed Index has jumped from "extreme fear" to "neutral."

Stay tuned for a potentially volatile week ahead!