Bitcoin Price Prediction: Will BTC Hold Its Last Support or Flush to $52,000 Before FOMC

• BTC trades at $62,983 on August 15, pressing the ascending channel lower boundary with $52,000 as the chart target if it fails.
• CryptoQuant flagged a leveraged long cleanout on Binance as OI and price fall together, with $236M in 24-hour cross-crypto liquidations.
• September hike odds sit at 35% after swinging from 82% two weeks ago, with FOMC minutes on August 19 as the next key downside catalyst.

The Bitcoin price prediction right now comes down to a single chart level, with BTC trading at $62,983 directly on the lower boundary of an ascending channel that’s held every pullback since June, and $52,000 as the target if that boundary fails.

BTC Price Analysis: Channel Floor or $52,000 — That Is the Only Question Right Now

The daily chart shows BTC pressing the lower trendline of an ascending channel that formed from the…

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