Bitcoin: Downward Trend Holds After Lows Sweep

Bitcoin swept beneath recent lows without conviction as Michaël van de Poppe noted the trend remains clearly downwards on July 1 2026. Price sits at $58749.95 inside Bollinger Bands with lower support at $58278.74 while the EMA50 at $60462.92 and EMA200 at $65411.35 cap upside as concrete resistance. The MACD death cross at -494.63 keeps momentum bearish and RSI at 39.82 shows neutral conditions that leave room for a deeper liquidity wick before any reversal attempt. Traders tracking BTC price prediction and Bitcoin technical analysis watch for a strong reclaim above the upper band at $60820.5 to shift structure while crypto market trends stay pressured by the same 4h confluence.