Bitcoin has broken out of its daily downtrend for the first time in two months.
For momentum to continue, BTC needs to break through $64,500–$65,500 resistance zone and hold above it.
BTC is forming a bullish inverse head-and-shoulders pattern, which could signal further upside if confirmed.
July-Aug summer pump?
BREAKING: 🇺🇸 Lawmakers could drop a new version of Crypto Market Structure Bill by next week.
But there's still one major concern.
"Ethics Agreement," which restricts government officials from profiting off crypto.
If this issue is resolved, the Clarity Act could reach the Senate floor as soon as July 20th.
Bitcoin price:
In 2024: $63k
In 2026: $63k
Before Trump: $63k
After Trump: $63k
Before pro-crypto Fed: $63k
After pro-crypto Fed: $63k
Before the US-Iran war: $63k
After the US-Iran war: $63k
Before US stocks ATH: $63k
After US stocks ATH: $63k
$BTC is back above the 200-week moving average, one of its most important support levels during a bear market.
It has only lost this level once during the 2022 crypto crash.
Despite macro uncertainty and geopolitical tensions, BTC is holding strong over $60k after a bounce from the $57,000 cycle low.
Let’s see if we hold and get the historical summer pump in July-August.
THIS IS FUCKING INSANE 😱
$52,100,000,000 has been wiped out from Trump's crypto-related ventures over the past year.
$TRUMP is down 97.85%, wiping out $17.8 billion.
$ABTC is down 95.3%, wiping out $12 billion.
$WLFI is down 84.3%, wiping out $11.3 billion.
$MELANIA is down 99.5%, wiping out $11 billion.
🚨 BREAKING 🚨
🇺🇸 President Trump discloses over $100,000,000+ in $BTC and $ETH holdings.
He has also earned $635,000,000 in royalties from his memecoin.