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Bitcoin's rejection at $67,000 raises risk of deeper losses and signals a prolonged bottoming phase.

Technical Signals
25 Jul 2026
Coinpaper
View Source
Bearish
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Bitcoin faced a second rejection near the $67,000 resistance level, increasing the risk of further declines toward $62,000, $60,000, and possibly $58,000. The weekly stochastic RSI indicates Bitcoin is oversold but suggests the bottoming process could last several months, potentially extending into late 2026. This pattern mirrors previous cycles where oversold conditions persisted before a final bear-market low was reached. Bitcoin must reclaim and hold above $67,000 to avoid continued downside pressure and signal a potential recovery.

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