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Latest Update
7/2/2026 10:25:00 PM

Bitcoin: Holds $61k Aiming for $65k Target

Bitcoin: Holds $61k Aiming for $65k Target

Bitcoin holds $61k after long wicks below $57k signal market maker accumulation, with 4h chart showing bullish MACD golden cross and EMA50 support at $60582.

Source

Analysis

Bitcoin shows solid defense above the $57k long-wick accumulation zone as market makers loaded longs without allowing acceptance below that floor. BTC price currently sits at $61509.87 and needs only sustained trade above $61k to unlock the next measured move toward $65k. On the 4h chart the structure remains bullish with price above the EMA50 at $60582.47 while the MACD registers a golden cross at 338.16; the RSI at 60.23 leaves room before overbought conditions while the upper Bollinger Band at $62059.96 acts as immediate resistance and the lower band at $57809.23 marks short-term volatility support. This confluence points to a probable continuation higher once $61k converts into confirmed support.


CrypNuevo

@CrypNuevo

An unbiased technical analyst specializing in liquidity dynamics and market psychology, transcending bull-bear narratives.

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