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Bitcoin price briefly dips near $61K before quick recovery, eyeing $66K resistance next.

Technical Signals
07 Jul 2026
Crypto Daily
View Source
Bullish
Bitcoin price briefly dips near $61K before quick recovery, eyeing $66K resistance next.

Bitcoin's price dropped sharply to nearly $61,000, falling below the bull market trendline, but buyers quickly pushed it back above the 200 SMA, signaling strong support around $63,000. This flash crash left a notable candle tail, historically followed by price rises, suggesting the current rally may continue. If bulls maintain the $63K support, Bitcoin could test the key $66,000 resistance, though short-term momentum indicators show some weakening. Weekly charts indicate a potential big rally if the price breaks above $66K and holds, supported by intact trendlines and positive momentum signals, but bears could still challenge this move.

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