Bitcoin Technical Analysis Report: July 2026
Bitcoin's performance in the past week and future expectations
1Bitcoin's Performance in the Past Week
Bitcoin slipped to $64,466 on July 26, 2026, giving back most of the week's gains. This decline came after Bitcoin briefly crossed $66,900. Throughout the week, U.S. spot Bitcoin ETFs recorded over $900 million in net inflows, led by BlackRock's IBIT and Fidelity's FBTC. However, ETFs saw $225 million in net outflows on July 23, causing Bitcoin to pull back.
2Impact of ETF Flows
BlackRock's IBIT and Fidelity's FBTC ETFs showed significant recovery in July after heavy outflows in June. However, redemptions in IBIT led to net outflows of $225 million on July 23, causing Bitcoin's price to drop. ETF flows are a crucial factor influencing Bitcoin's short-term price movements.
3Federal Reserve Expectations
Markets expect the Federal Reserve to keep interest rates unchanged at its July 28–29 meeting. However, there is roughly a 34% chance of a rate hike priced in. Changes in interest rates can significantly impact Bitcoin and other risk assets.
4Bitcoin's Technical Levels
Bitcoin hit a low of $57,800 on July 1 in the weekly time frame. However, it failed to sustain below the key support level of $60,000 and witnessed a relief rally of nearly 15.8%, reaching $66,956. BTC has been trading in the green for the past four consecutive weeks, albeit with declining volumes.
5Key Resistance and Support Levels
Bitcoin faces a strong resistance zone between $70,000 and $75,000. For a sustained rally, Bitcoin needs to break above, close above, and hold above this resistance zone. Support levels are identified at $52,000 and $60,000.
6Future Expectations for Bitcoin
Bitcoin's future performance will be shaped by macroeconomic factors such as ETF flows and Federal Reserve's interest rate policies. Technical analysis suggests that Bitcoin could experience a new upward wave if it breaks through key resistance levels.
7Recommendations for Investors
Investors should closely monitor Bitcoin's technical levels and macroeconomic developments. ETF flows and Federal Reserve decisions can determine Bitcoin's short-term price movements. Implementing risk management strategies is also crucial.
8Bitcoin's Long-Term Potential
Bitcoin has significant long-term potential with increasing adoption rates and institutional investor participation. However, risk factors such as volatility and regulations should also be considered. Investors should evaluate Bitcoin's future performance by taking these factors into account.
Original article: ZebPay — Bitcoin Teknik Analiz Raporu: Temmuz 2026