Bitcoin has a way of making investors question everything during the most difficult parts of the cycle. In this video, we take a step back and examine whether the current market is following historical patterns or if this time is truly different. Video by Benjamin Cowen.
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Bitcoin (BTC) has broken back above $64,000 on Friday, July 10, 2026, trading at approximately $64,340 following a sharp risk-on market recovery. The cryptocurrency gained roughly 2.4% over 24 hours, extending its July recovery to 10% from lows under $58,000 earlier in the month.
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-The $65K Hurdle: Analysts warn that the structure is not fully bullish until BTC cleanly sustains above the $64,000–$65,000 zone. A breakout here could trigger a massive short squeeze pushing prices to $67,000.
-Historical Consolidation: Data from Glassnode shows BTC has spent over 300 days consolidating inside the $60,000–$70,000 range. A major on-chain cost basis cluster sitting between $58,000 and $64,000 acts as a highly resilient baseline support.
-Long-Term Call: Standard Chartered maintained its macro projection today, stating that despite near-term volatility, Bitcoin is still on track to hit $100,000 by the end of 2026.
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