Bitcoin clawed its way back above 64000 for the first time in nearly two weeks amid a steady recovery that started early last month. 🖤 Analysts now eye stronger resistance zones ahead as sentiment shifts from pure dread.
What’s Next? 🌑
Just days earlier on July 1 the top coin had slipped beneath 58000 for the first time in almost two years while bears kept the pressure on. Yet after shedding roughly 25000 in six weeks the bulls stepped in and steadied the drop. Bitcoin climbed through the following sessions and touched 64000 across exchanges this morning, marking its strongest print since June 23.
Michaël van de Poppe called the weekend moves solid price action and believes the asset must form a higher low next. He noted even a dip toward 59000 would still count as relatively mild provided 61000 to 61500 holds and paves the way toward 70000.
Merlijn The Trader flagged 67000 as the decisive line that could end the bear phase if reclaimed with conviction.
One Bitcoin level separates the bear market from the reversal: $67K.
A bullish falling wedge is pressing against resistance right now.
Break and close above: I turn bullish. The trend flips.
Rejection: more downside first and I’ll say it just as loud.
No guessing. No hoping.… pic.twitter.com/qMlVw3yYAE
— Merlijn The Trader (@MerlijnTrader) July 5, 2026
Fear and Greed Index Improves 🕷️
The fear-and-greed gauge plunged alongside price and printed extreme fear near 11 when Bitcoin bottomed at 57700 on July 1. It has since clawed back to 24 as the gradual rebound gathers pace, the first time the reading has sat at or above that level in over a month.
Just another echo from the void by iconofsin.eth 💖
