Bitcoin Weekly Outlook (3–7 Aug 2026)Bitcoin / U.S. dollarBITSTAMP:BTCUSDYES_GroupBitcoin came under profit-taking pressure and entered a corrective phase toward the end of last week as markets interpreted the Federal Reserve's decision to keep interest rates unchanged as expected, while maintaining a cautious stance on future monetary policy. Meanwhile, continued inflows into Spot Bitcoin ETFs and steady buying interest from institutional investors helped support the broader market. However, persistently elevated U.S. Treasury yields and ongoing uncertainty surrounding the global economic outlook continued to create volatility across risk assets. This week, investors will closely monitor key U.S. economic releases, including the ISM Services PMI, Trade Balance, and Initial Jobless Claims, along with speeches from Federal Reserve officials for further clues on overall market liquidity and the future direction of monetary policy. Weaker-than-expected U.S. economic data could support a rebound in Bitcoin by reinforcing expectations for easier financial conditions. Conversely, stronger-than-expected data may reduce demand for risk assets and limit Bitcoin's upside. Weekly Outlook: Sideways with a Bullish Bias. Bitcoin continues to trade above the key 62,600–63,000 support zone, maintaining its medium-term bullish structure. The price is currently forming an Ascending Triangle, a classic bullish continuation pattern. A breakout above the resistance level could open the door for a move toward the 64,800–65,000 area. However, if the key support is broken, Bitcoin could extend its correction toward the 62,600–62,000 zone before establishing its next direction. Bullish: 64,800–65,000 USD Bearish: 62,600–62,000 USD