On the 4h frame, Bitcoin is unable to break the resistance of the annual candle opening ☔️ $BTC
Bin Munif بن منيف
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The annual candle for Bitcoin did not perform at the required level for spot traders. 😃 And there are 27 days left until the candle closes .. Will there be a comeback .. $BTC #BinanceBlockchainWeek
Record your sprint on the Binance Square to 70K—keep it up ✊✊✊ Thanks to everyone who has supported us all along! Next, we’ll continue our journey with Binance
🚨 Crypto Market Update: July 2026 Bullish Recovery in Full Swing!*🚀
Bitcoin has reclaimed $64K territory after dipping to ~$58K lows earlier this month — up nearly 10-15% in early July! Strong ETF inflows (BlackRock’s IBIT leading with big days), easing sell pressure, and short liquidations are fueling the rebound.
Ethereum is outperforming with double-digit gains, pushing toward $1,800+, while altcoins show renewed optimism. Key drivers: Positive US crypto legislation momentum (CLARITY Act progress), cooler inflation data lowering rate-hike fears, and AI-crypto crossovers (miners pivoting to data centers).
Total market cap hovering around $2.2T+. Sentiment improving from extreme fear, but watch resistance at $65K and macro data.
What’s your take — more upside in July? DYOR, trade safe! 💹
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Cathie Wood and ARK Invest have recently stated that BTC may have already hit bottom, citing historical patterns. The logic behind this view is: BTC broke below the 200-week moving average in early July—throughout history, every time this occurred, it later became a hallmark event indicating a long-term bottoming range. It touched this level once at the end of 2018, and again at the end of 2022; after those two breaks, a significant rebound rally showed up within 6 to 12 months. ARK lowered its 2030 BTC bull market target price from $1.5 million to $1.2 million, partly because stablecoins have replaced some of the demand that previously belonged to BTC in payment scenarios. But the $1.2 million target is still extremely aggressive in itself, with the underlying assumption being continued growth in institutional allocation ratios. I’m not here to judge whether this forecast is right or wrong—any forecast over a period of 4+ years can be very off. But the historical signal of BTC breaking below the 200-week moving average is real. Historical patterns don’t guarantee a repeat, but they’re worth using as a reference point rather than ignoring them. Does ARK’s view affect how you think about BTC’s current position? Let’s discuss in the comments. $BTC