Bitcoin came under selling pressure again. The largest cryptocurrency lost 3% in value in the last 24 hours, falling to $ 59,761. In the same period, the decline in the general cryptocurrency market remained limited to 1.32%.
Pressure continues while short-term target is maintained
According to current estimates, Bitcoin price could rise to $63,613 by July 1, 2026. If this level is reached, the asset will increase by 8.24% in the next five days. However, the latest price action indicates that pressure remains on the short-term outlook.
Bitcoin has decreased by 20.88% in the last 30 days. While the three-month performance remained negative, the loss in this period was 9.78%. On the broader timeframe, Bitcoin is trading 44.57% lower than its $107,805 high a year ago.
Current forecasts indicate that Bitcoin could rise to $63,613 by July 1, 2026. However, the weak outlook in the overall market remains effective in the short term.
Bitcoin reached an all-time high of $126,025 on October 6, 2025. After this peak, there was a sharp decline in prices. The highest level seen in the current cycle was recorded as $60,470 and the lowest level was recorded as $58,186.
| Indicator | Value |
| Current price | $59,761 |
| 24 hour change | -3% |
| 30 day exchange | -20.88% |
| July 1, 2026 target | $63,613 |
Indicators give mixed signals
Market indicators generally reveal a negative picture. While 29 of the 33 indicators followed produce bearish signals, only four support the bullish expectation. Therefore, the general outlook remains negative for now.
Investor confidence also remains weak. The Crypto Fear and Greed Index stands at 12. This value shows that there is extreme fear in the market and indicates that investors are being cautious.
Mini dictionary: RSI, or Relative Strength Index, is a technical indicator that measures the speed and direction of price movement. Generally, the level of 30 is associated with a weak outlook and the level of 70 is associated with a strong buying appetite.
A more balanced outlook stands out in technical indicators. Bitcoin’s RSI value is at 30.70. This data shows that the asset is not significantly in the overbought or oversold zone. In addition, Bitcoin continues to remain above its 50-day and 200-day simple moving averages. These two levels are often considered a constructive signal in technical analysis.
While 29 of 33 indicators give bearish signals, investor sentiment remains in the extreme fear zone. Despite this, Bitcoin’s trend above important moving averages does not turn the technical outlook completely in one direction.
In downward movements, $58.035, $56.242 and $54.298 are watched as support levels. Above, $61,772, $63,716 and $65,509 levels are in resistance. The reaction of the price to these thresholds in the coming days will be closely monitored in terms of short-term direction.
