{"id":193092,"date":"2026-07-06T05:29:39","date_gmt":"2026-07-06T05:29:39","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=193092"},"modified":"2026-07-06T05:29:39","modified_gmt":"2026-07-06T05:29:39","slug":"bitcoin-price-hit-a-2-week-peak-but-bigger-tests-lie-ahead","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=193092","title":{"rendered":"Bitcoin Price Hit a 2-Week Peak, but Bigger Tests Lie Ahead"},"content":{"rendered":"

The gradual price recovery that began in early July continued over the past 12 hours or so, as bitcoin jumped to $64,000 for the first time in almost two weeks.<\/p>\n

Although it was stopped there for now, analysts seem more confident that the overall market environment has improved and outlined the cryptocurrency\u2019s next big resistance lines.<\/p>\n

What\u2019s Next?<\/h2>\n

It was less than a week ago, on July 1, when the largest digital asset slipped below $58,000 for the first time in nearly two years as the bear-dominated price moves continued to dominate. However, after losing roughly $25,000 in a month and a half, the bulls finally reemerged and halted the freefall.<\/p>\n

Bitcoin rebounded in the following days, which culminated earlier this morning with a jump to $64,000 on most exchanges. This $6,000 increase in days meant that BTC had tapped its highest price tag since June 23.<\/p>\n

Micha\u00ebl van de Poppe weighed in on the asset\u2019s performance over the weekend, calling it \u201csolid price action.\u201d He believes<\/a> bitcoin needs to paint a higher low and reassured that even another correction to $59,000 would be considered mild and weak at this point. However, BTC\u2019s breakout could begin if it maintains above $61,000-$61,500, which could open the door for a run toward $70,000.<\/p>\n

Merlijn The Trader outlined $67,000 as the most crucial level for BTC. He explained that the cryptocurrency needs to decisively reclaim it, which would solidify the escape from its bear market phase. If reclaimed, the analyst said he will turn bullish as the trend will flip. However, another rejection there would probably mean more downside first.<\/p>\n

One Bitcoin level separates the bear market from the reversal: $67K.<\/p>\n

A bullish falling wedge is pressing against resistance right now.<\/p>\n

Break and close above: I turn bullish. The trend flips.<\/p>\n

Rejection: more downside first and I\u2019ll say it just as loud.<\/p>\n

No guessing. No hoping.\u2026 pic.twitter.com\/qMlVw3yYAE<\/a><\/p>\n

\u2014 Merlijn The Trader (@MerlijnTrader) July 5, 2026<\/a><\/p>\n\n

Fear and Greed Index Improves<\/h2>\n

The metric measuring the overall market sentiment toward BTC dropped hard over the past few weeks alongside the asset\u2019s price. It dumped to \u2018extreme fear\u2019 levels of around 11 on July 1 when the cryptocurrency bottomed (for now) at $57,700.<\/p>\n

However, it has followed bitcoin\u2019s gradual price recovery and now sits at 24. Although fear continues to dominate investors\u2019 feelings, the swift rebound highlights early signs of potential market reversal, as the metric hasn\u2019t been at 24 or above in over a month.<\/p>\n

<\/a>Bitcoin Fear and Greed Index. Source: Alternative.me<\/p>\n

\u00a0<\/p>\n

The post Bitcoin Price Hit a 2-Week Peak, but Bigger Tests Lie Ahead<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The gradual price recovery that began in early July continued over the past 12 hours or so, as bitcoin jumped to $64,000 for the first time in almost two weeks. Although it was stopped there for now, analysts seem more confident that the overall market environment has improved and outlined the cryptocurrency\u2019s next big resistance […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-193092","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/193092"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=193092"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/193092\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=193092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=193092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=193092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}