Bitcoin reshuffles near critical resistance, and the market's judgement on the second half of July is still not uniform. A combination of the views of a number of traders and analysts found that the optimistic side expected that prices would continue to be repaired, targeting between $67,000 and $70 million, while the cautious side believed that if support was lost, a return could start again.
The gap between space and space is concentrated at several prices.
Many analysts see $6.47 million as a short line watershed. If the price is effective enough to break this position, the follow-up targets are increased to $6.64 million and $68,000. It was also suggested that the $65,000 day-line closing performance was seen as a more direct observation point, with prices likely to go up faster than the $6.75 million to $68,000 range once they were stabilized.
Relatively cautious judgements are concentrated below. If Bitcoin fails to hold $64,000, some argue that prices may fall back to $63,000; if the 6.11 million to $6.15 million region falls further, the short-line structure may deteriorate.
Optimistic view of $6.8 million to $70 million
According to Michaël van de Poppe, Bitcoin is still at the top of the key support, with a short-line opportunity to rise to $68,000. If kinetic energy continues, it is likely to go further in August by between $75,000 and $80 million.
The judgement of Daan Cripto Trades is also positive. In his view, as long as the current support area was not destroyed and prices had broken by $656 million and $672 million in turn, $700,000 above would be the next target.
The forecast market for Kalshi is equally priced. The platform's transaction data show that the market bet bitcoin has touched about $68,000 this month. The increase reflects the continued confidence in some of the funds for the continuation of the rebound.
I don't know.
According to Crypto Tony, the current movement of Bitcoin may still be in a modified structure, but he will not turn to viewing until over $6.11 million. If this position falls into resistance, he will consider a weaker follow-up.
That Martini Guy looks at the market in terms of liquidity. He mentioned that the proximity of $6.55 million to $6.57 million had brought together more empty settlements, and that if the price remained above $64,000, it could be pushed up the area; on the other hand, if $64,000 were to be missed, $63,000 below would be re-targeted.
Peter Schiff, who has long seen no bitcoin, maintains his position. In his view, the recent rebound was not sufficient to change its judgement and continued to be sceptical about the price over $60,000.
Overall, the market is not in a consistent direction. Short-line focus remains on resistance in the vicinity of $6.47 million, supported by $6.44 million and $61,000. Whether Bitcoin continues to be repaired or rejuvenated will depend on whether these positions are effectively breached or secured.