Latest Update
8/1/2026 9:37:00 AM

Bitcoin: Holds $60K as Higher Low Forms

Bitcoin: Holds $60K as Higher Low Forms

Bitcoin trades at $63109.62 holding above $60K on month-end, confirming higher low and bullish divergence despite choppy price action and altcoin weakness.

Source

Analysis

Bitcoin chops sideways near $63109.62 while altcoins slide, with price failing to hold the 21-day MA and raising the odds of a sweep lower according to Michaël van de Poppe.

The last day of the month still shows BTC above $60K, locking in a higher low that validates the bullish divergence and supports a patient accumulation stance over the next six to twelve months.

Price sits inside the Bollinger Bands with upper resistance at $65329.38 and lower support at $62456.01; the bearish EMA50 at $64111.99 and EMA200 at $63862.79 act as concrete overhead resistance while RSI at 39.8 stays neutral and MACD prints a death cross at -358.67, pointing to a likely retracement toward the 50-EMA before any sustained move higher.


Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast