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Crypto

Bitcoin recovers $63,500 but caution lingers; Wintermute says too early to judge trend

Bitcoin has risen about 8 percent over the past week to trade around $63,500 and briefly topped $64,500 intraday on July 7. Market maker Wintermute said in a recent report the move looks like a typical relief rally rather than a structural upturn, citing an easier macro backdrop and a dovish Federal Reserve tone. It said it is too early to call a trend reversal without sustained spot bitcoin ETF inflows.

Crypto

Bitcoin recovers to $63,500 range as market\'s \'Monday caution\' draws attention

Bitcoin climbed to the $63,500 range, nearing its highest level in two weeks. It traded around $62,700 ahead of the weekly close and retested the 200-week simple moving average, viewed as a long-term trendline. The rise came amid thin order books and U.S. holiday conditions, with selling pressure seen near the top. Short-position liquidations also lifted prices. Traders remained wary of early-week trading, citing recent Monday weakness.

Crypto

Bitcoin faces July rebound test after 18.5 percent June slide; $75,000 view also

Bitcoin is down about 18.5 percent in June, raising the risk of its worst monthly return since mid-2022, while markets debate a July rebound versus further declines. Analysts focus on whether the $60,000 support level holds. Some point to heavy short positions in futures and seasonal patterns that have historically made July stronger than June. Others flag technical weakness, including trading below key long-term averages, with $55,000 cited as a possible downside target.