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BTC Bitcoin holds the support level of US$61,000! How will the price go next?
Bitcoin successfully held key support areas and strengthened expectations for upward movement in the short term. Although prices remain below the main resistance level, technical indicators and renewed buying interest suggest that overall bullish sentiment in the market continues.
The US$61,000 level is particularly prominent.
Bitcoin is currently trading at US$62,591, with a 24-hour transaction volume of US$30.97 billion, and a market value of approximately US$1.26 trillion. After a period of weakness, Bitcoin has rebounded 1.16% in the past 24 hours, marking the beginning of a new round of recovery.
Cryptocurrency analyst Michaël van de Poppe believes in his assessment of July 9, 2026 that as long as Bitcoin remains above US$61,000, the outlook will remain optimistic. In his view, holding this level could reduce the risk of a deeper correction and open the way for moving into the $67,000 to $70,000 range in the coming weeks.
Michaël van de Poppe emphasized that as long as Bitcoin remains above US$61,000, the market structure will continue to tilt upward, making the US$67,000 to US$70,000 range a new target.
The $61,000 area has become a critical area, with buyers returning here many times during the recent pullback. Maintaining this level is not only critical for Bitcoin, but also a key factor in maintaining confidence in the entire cryptocurrency market.
Technical indicators show signs of recovery
From a technical perspective, the signal of improvement has attracted market attention. Bitcoin is trading at $58,303 above the Bollinger Band and $61,796 above the middle Band. However, since the upper track of US$65,289 has not yet been breached, this area needs to be closely monitored to confirm further upward momentum.
Small Dictionary: Bollinger Bands are technical indicators that show the fluctuation band around the moving average of assets over a certain period. MACD monitors the relationship between short-term and long-term moving averages to help determine the strength of momentum.
The MACD indicator also points to increased bullish momentum. The MACD line is currently at-641.78, and the signal line has been moved up to-1,212.62. The bar chart remains positive at 570.83, confirming continued buying pressure.
If Bitcoin is able to break through the US$65,000 resistance, expectations of a move towards the US$67,000 to US$70,000 range may increase further.
Resistance and pullback scenarios
If Bitcoin remains resilient, it may support the entire cryptocurrency market. As a flagship asset, holding support for Bitcoin often boosts investor confidence and accelerates the flow of funds into altcoins.
Institutional interest continues to play an important role in shaping price trends. Continued attention from financial companies and activity in Bitcoin ETF products helped maintain demand even in the downtrend.
Looking ahead, whether the $65,000 resistance level can be overcome will be a key issue. If this level is decisively exceeded, the US$67,000 to US$70,000 range will be more clearly visible. Conversely, if the $61,000 support level falls, it could reignite selling pressure and lead to another test of the $58,000 level.
