Bitcoin is extending losses after failing to break $64,000 and sliding toward $62,500, with $64,000 again seen as near-term resistance. Views differ on when the current downturn could end, with some traders expecting a possible rebound as early as September while others say it is too soon. Analysts flagged risks of further declines, though some see a rebound signal on weekly charts. Markets are watching geopolitical risks, oil and bond yields, U.S. inflation data and on-chain wallet flows.

Warnings are growing again that the latest decline in the bitcoin market may not be the bottom of the bear market. Some traders see any firm low forming no earlier than the third quarter, and possibly in the fourth quarter, even if bitcoin attempts a short-term rebound. This week’s outlook is shaped by U.S. CPI and PPI data and interest-rate expectations, stock-market volatility, Middle East risks, mixed on-chain signals and extreme fear in investor sentiment.