The post BTC Price Prediction: $63K Stall Zone — $61K or $66K Next? appeared on BitcoinEthereumNews.com.
Caroline Bishop
Jul 09, 2026 07:08
Bitcoin is grinding in a tight decision zone around $63,000 with momentum completely flatlined and a macro structure that still points down. Either the bulls reclaim the 50-day SMA near $65,700 thi…
Market Context: Why BTC is Moving Now Bitcoin is caught in macro no-man’s land. Trading near $63,000 in early July 2026, the asset sits roughly 15% below its 200-day moving average — a level that has historically served as the long-term trend arbiter. This isn’t a correction phase anymore; it’s a prolonged compression, and the market is waiting for a catalyst to break the stalemate. Blockchain.news has tracked how Bitcoin’s narrative has shifted over the past quarter from euphoria-driven speculation to a sober, range-bound environment where macro headwinds and tepid spot demand have kept bulls from pressing the accelerator. The 24-hour
The post 5 Key Reasons Bitcoin’s Price Remains Under Heavy Pressure appeared on BitcoinEthereumNews.com.
One of the critical metrics has been in the red for over 50 days now. Although it has rebounded by $5,000 since its July 1 low at under $58,000, bitcoin remains in a highly pressured market structure that has halted each major breakout attempt. There are good reasons for that, of course, as multiple factors have aligned to keep it suppressed. Here are five of them. Macro Landscape The first reemerged yesterday when the US and Iran broke the ceasefire and initiated new attacks against each other in the Middle Eastern region. The actual threat came hours later when, during a NATO meeting, US President Donald Trump said he believes the memorandum of understanding between the two nations is over. A new wave of attacks followed earlier this morning before Trump claimed, once again, that Iran wanted a peace deal ‘badly’ and had resumed contact. However, similar statements have been made
Crypto ETF flows split sharply on Wed., July 8, as bitcoin ETFs returned to outflows with an $84.9 million exit. Ether ETFs remained the clear bright spot, drawing $70.5 million for a fifth straight day of inflows, while HYPE stayed positive and both solana and XRP funds moved lower. Grayscale’s GBTC Leads $84.9 Million Bitcoin […]
The post RWA news: A DEX trader holds $1 million EUR/USD bullish bet for 400 Days appeared on BitcoinEthereumNews.com.
The term “HODLing,” crypto slang for buying and holding an asset for a long time, has historically been associated almost exclusively with bitcoin BTC$62,946.60 and ether (ETH). One trader has now applied the same long-term approach to perpetual futures tied to the euro-dollar pair (EUR/USD) listed on the decentralized exchange (DEX) Ostium, which is powered by Nasdaq data. A trader has held a long position in EUR/USD worth $1,139,490 for 400 days, Ostrium said on Tuesday. The bullish bet, expecting the euro to strengthen against the U.S. dollar, was opened around early June 2025. EUR/USD traded above 1.14 as of this writing, largely unchanged from where it was in June last year, but it did rise as high as 1.2082 in January this year. Onchain FX trading offered by platforms such as Ostium, Gains Network, Synthetix, GMX, and others remains a very tiny fraction of the gl
The post Bitcoin Price Fragile as Demand Fails to Outpace Issuance appeared on BitcoinEthereumNews.com.
The Bitcoin price is trading at around $63,000, up a modest +0.5% over the past 24 hours, and the chart tells a story that optimists are struggling to reframe. Volume has slipped roughly 8% from the prior session, spot ETF flows are back in the red, and the apparent demand metric, the difference between new issuance and supply inactive for over a year, has remained negative throughout 2026. Analyst Darkfost flagged that apparent demand is at roughly -75,000 BTC, an improvement from the year’s trough of -275,000 BTC but still firmly negative, indicating that long-term holder accumulation is not absorbing miner-created supply. 🔴 Apparent demand has stayed negative for almost the entire year. The dynamic remains unchanged and perfectly illustrates the current weakness in Bitcoin demand. Today the market is seeing a slight improvement, helping BTC consolidate at these levels. 💥 On June
The post Bitcoin Holds Strong Amid Renewed Middle East Hostilities appeared on BitcoinEthereumNews.com.
Bitcoin has remained relatively strong as tensions erupted between the US and Iran over the last couple of days. Can the $BTC price hang on to support around the $62K level, or if attacks from both sides escalate, could this be what sends Bitcoin spiralling into a bear market bottom? $BTC price bounces back to $63K resistance Source: TradingView As expected, the $BTC price came back down, given its slightly overbought nature of the last day or two. Also, the price found good support on the top of the falling wedge, at horizontal support, and at the bull market trendline. After bouncing, the price has currently come up against the $63K horizontal resistance which is preventing further gains up to now. There will possibly be more sideways price action to come, unless of course events in the Middle East drag the U.S. stock market down, which in turn would likely take the $BTC price dow
Bitcoin spot ETFs posted a fresh net outflow on Wednesday as analysis said that their "most overwhelming" outflow streak had ended without a clear demand recovery.
Bitcoin has remained relatively strong as tensions erupted between the US and Iran over the last couple of days. Can the $BTC price hang on to support around the $62K level, or if attacks from both sides escalate, could this be what sends Bitcoin spiralling into a bear market bottom?
