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Bitcoin tests $63,500 resistance, risks dipping to $60K; long-term model predicts 2026 bottom at $40K-$45K.

Technical Signals
02 Aug 2026
Coinpaper
View Source
Neutral
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Bitcoin is currently facing resistance near $63,500, with a risk of a short-term drop to the $60,000-$61,100 support zone if sellers regain control. This could trigger a liquidity sweep below $62,000 before a potential rebound. A long-term cycle model forecasts a deeper bottom between $40,000 and $45,000 in 2026, followed by a possible bull run reaching $215,000 to $230,000 by 2029. Investors should watch the $60,000 demand zone closely for signs of the next major move, while the long-term outlook remains cautiously bullish despite potential near-term volatility.

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