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Bitcoin must hold $62,800-$63,600 to avoid drop toward $60,000; long-term $400,000 target still possible.

Technical Signals
17 Jul 2026
Coinpaper
View Source
Neutral
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Bitcoin is currently testing a critical support zone between $62,800 and $63,600. If it holds this level and recovers above $64,700, the price could rally toward $66,000-$67,000. However, a break below $62,800 risks a decline to the $60,000-$62,000 range, signaling seller control. Despite short-term uncertainty, Bitcoin's long-term monthly chart suggests a potential rise to $400,000 if it maintains the rising channel formed since 2018, although this remains a high-risk projection requiring confirmation by stronger monthly highs and recovery above the trendline.

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