[Markus Thielen: Bitcoin Closing Above $63,000 in August Could Confirm Bear Market Bottom] Markus Thielen, founder of 10x Research, pointed out that if Bitcoin's closing price in August stabilizes above $63,000, it will trigger a bullish signal on cyclical indicators and confirm the bear market bottom. Bitcoin is currently priced at approximately $63,140. 10x Research leans toward holding long positions but will shift to a neutral stance if Bitcoin breaks below key support levels. The report highlights risks: a rise in the 10-year U.S. Treasury yield could force the Federal Reserve to raise interest rates in September, miners transitioning to AI businesses may bring selling pressure of approximately 100,000 BTC, and Bitcoin treasury companies closing positions could create supply-side pressure.