It's not likely we're moving back to the 70k in september. I expect a small recovery to happen in the upcoming month, but we may also get another dump. Some news says there will be a rate cut in September. But, it is unlikely to have much impact on the crypto.
There are two big ifs involved in rate cuts effect on bitcoin price in my opinion.
IF they actually cut the rates enough that we can consider it an actual decrease (not like 0.1% cut) and IF that can impact the deepening recession (either stop it or reverse it) we can definitely see less sell pressure on bitcoin which means an easier bull run.