Bitcoin (BTC) gained 4% between Aug. 21 and Aug. 22, and despite losing some momentum, it has sustained the $60,000 support. Some analysts argue that a break above the $62,000 resistance is necessary to confirm a bullish trend. However, given the market’s confidence in the United States Federal Reserve (Fed) implementing expansionary measures, the odds still favor Bitcoin bulls. Bitcoin’s fundamentals and spot ETF flows remain solidBitcoin analyst and investor Decode believes that BTC’s price must break above the 200-day moving average, especially at the monthly close, to “resume the bull tren…