Check out this weekly Bitcoin candlestick chart and projection: At the end of July, BTC's price rebounded to the 0.5 Fibonacci retracement level shown in the chart, around 70,800; At the beginning of August, BTC's price dropped again to test the bottom, first falling to around 60,000, then rebounding to around 65,000; From September to October, BTC's price might drop to around 52,000, attracting a large wave of bottom buyers.