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Bitcoin may drop to $49K-$59K before a potential recovery to $160K-$180K, but short-term pressure remains below $64.6K.

Technical Signals
26 Jul 2026
Coinpaper
View Source
Neutral
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Bitcoin faces short-term pressure after failing to break above $64,600, with potential declines toward support between $49,000 and $59,000. Analyst Kaz suggests this zone could mark the end of the bear market, leading to a speculative recovery targeting $160,000 to $180,000 over the next two years. However, Bitcoin must hold above $49,300 to maintain this recovery outlook, with a series of higher lows needed to confirm a reversal. A break below this support could lead to deeper declines, while reclaiming $64,600 resistance is crucial to weaken short-term bearish momentum.

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