The analyst estimated the prospects for bitcoin's movement to $ 72 thousand.

In the medium term, bitcoin is expected to return to growth with a possible move towards the $72 thousand mark. Andrey Poroshin, a financial analyst at Bitbanker, told Izvestia on August 7.

"In early August, the BTC continues to trade in a narrow range, giving neither buyers nor sellers an advantage. The main factor that may affect the further movement of the cryptocurrency will be American macroeconomic statistics and expectations for the policy of the US Federal Reserve System," the expert said.

He clarified that bitcoin now remains in the range of $62-66 thousand. The market has not yet formed a stable direction of movement, so the main struggle between sellers and buyers continues within this corridor. The key event for global markets will be the publication of data on the US labor market — Nonfarm Payrolls. These statistics traditionally affect the dollar exchange rate and investors' expectations regarding the Fed's future decisions.

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According to the technical picture, according to the expert, the nearest important levels remain at $64.7 thousand and $63.3 thousand. Consolidation above $ 64.7 thousand may pave the way for growth in the area of $ 65.4–65.9 thousand. At the same time, a breakdown of the $63.3 thousand level can lead to a decrease in the value of BTC to the $60.5–62.5 thousand zone. According to the analyst, such a scenario will not necessarily mean the beginning of a new long-term decline.

"Such a move may rather be related to clearing the market of excess leverage and closing some of the traders' positions," the expert explained.

An additional support factor for bitcoin remains the current mining situation. According to Poroshin, the cryptocurrency is currently trading below the estimated cost of production from American miners, which is estimated at about $72-75 thousand. Regulation remains an important factor for the market. In the United States, consideration of the CLARITY Act bill was postponed to September, which is why some market participants took a wait-and-see attitude.

In the coming days, the dynamics of the BTC will depend on the reaction of investors to American statistics and the ability of the cryptocurrency to go beyond the current range.

Deputy Finance Minister Ivan Chebeskov announced on June 16 that unqualified investors in Russia will soon be able to legally buy bitcoin, ether and popular stablecoins. In addition, the deputy minister clarified that a limit of 300 thousand rubles per year through one intermediary was proposed for non-shareholders.