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Bitcoin rises as buying momentum renews

Technical Analysis
By Mostafa Mahmoud
Bitcoin rises as buying momentum renews
0 11

BTCUSD

البيتكوين 6-7-2026

Bitcoin is trading below the $64,100 resistance level, with prices likely to break above it and target $67,500; this scenario would be invalidated by a break below the $58,700 support level during today’s trading.

Support

 58700 55000
Resistance 64100

67500

 

Bitcoin rose above $63K at the start of the week, supported by easing U.S. rate hike fears after weaker than expected jobs data and renewed inflows into U.S. spot Bitcoin ETFs, with the recent recovery restoring some market confidence after June’s losses, though further upside will depend on strong institutional demand and supportive economic data that reinforce expectations of a softer Fed policy path.

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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