In this video I break down the latest Bitcoin price action to determine if the current July rally has more room to run or if we are facing a rejection at key resistance. By applying Elliott Wave theory to recent market structures, I analyze whether the price is forming a corrective wave or if the broader bear market trend is set to resume sooner than expected. Video by More Crypto Online.
Visit Trading Platform >>
On July 7, 2026, Bitcoin (BTC) is trading between $63,100 and $64,100, pulling back slightly from a two-week intraday high of $64,500 but maintaining overall consolidation above the crucial $60,000 psychological support level.
New to trading? Join iqoption for free educational materials, a risk-free demo account, and a low minimum deposit($20). Start your journey in the financial markets now!
Learn more >>
Bitcoin Insights Today
-ETF Flows vs. Corporate Treasury BuyingInstitutional spot Bitcoin ETFs recorded a second consecutive day of net inflows, pulling in roughly $265 million after enduring weeks of heavy withdrawals. Corporate treasury accumulation remains the ultimate stabilizing anchor for the asset class. Michael Saylor’s Strategy continues aggressive net buying despite a minor, headline-grabbing asset rebalancing of 3,588 BTC ($80.8M) that briefly spooked retail markets yesterday.
-Fragile Demand SignalsMarket analysts caution that the recent July rally may lack deep fundamental conviction. The widely tracked Coinbase Premium has remained negative for 50 consecutive days, revealing structurally weaker demand from retail and institutional buyers in the United States compared to global markets.
-Long-Term Technical OutlookInvestment bank Bernstein reaffirmed its $150,000 year-end price target. Analysts emphasize that the current 54% correction from the October 2025 all-time high of $128,198 is significantly milder than historical drawdowns, signaling a maturing and stabilizing asset class.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
