**Bitcoin's August Candle Could Signal Trend Reversal, Analysts Say**

Bitcoin enthusiasts, keep an eye on the charts! As August wraps up, analysts are buzzing about a potentially "interesting monthly candle" on Bitcoin's chart. Analyst 'HODL15Capital' noted a possible "dragonfly doji" formation, which might hint at a trend reversal.

FXPro's Alex Kuptsikevich adds that this pattern could signal optimism for recovery after recent setbacks. However, he warns it's too early to confirm. Bitcoin needs to break above $68K to shift the downtrend, with $74K marking new highs.

Meanwhile, Apollo Crypto's Henrik Andersson argues fundamentals and sentiment, like Federal Reserve decisions and US elections, will drive the market. Bitcoin currently trades at $63,150, showing a hammer candlestick, another bullish sign. Stay tuned!