Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC Key level test: Will Bitcoin break through or fall next?
After experiencing a sharp rally and hitting a monthly high, Bitcoin's price momentum has weakened and is now back to US$64,000. This price is very close to a critical level and may provide more clues as to the next step of the asset. Well-known analyst Ali Martinez outlined the two most likely trends based on whether Bitcoin breaks through or falls below that level.
Will it hit $67,000 again or fall towards $60,000?
The analyst told his more than 165,000 fans on the X platform that Bitcoin has now fallen back to a key support level of $63,800 after being blocked at $67,000 earlier this week. He believes that this key level will determine the next stage of Bitcoin's move: whether it rebounds back towards the above-mentioned monthly highs or falls to $60,000, as occurred many times in June and early July.
"Focus on Bitcoin's performance at US$63,800. If this level is held as support, I think it is expected to rebound to $67,000. But if it breaks below, the next downside target will be around $60,000."-- Ali Martinez, July 25, 2026
However, based on his latest assessment of the upcoming month, market sentiment is more bearish. As previously reported, Martinez pointed out that historical data shows that August is not a positive month for Bitcoin, the largest cryptocurrency. August of the past four years has closed down, while only three of the past 12 years have recorded gains. The most recent significant August rally occurred nine years ago, during the 2017 bull market, when Bitcoin surged 65% in August.
On the positive side, the positions of small whale groups holding 100 to 1000 bitcoins have turned profitable. In the past, the analyst pointed out, such situations have often signaled short-term gains or a stronger rebound.
Bitcoin still faces suppression
Analyst Rekt Capital pointed out that all recent breakthrough attempts by Bitcoin have been blocked at about US$65,500 at the weekly level, which happens to be the 50-month exponential moving average. He warned that Bitcoin may be "forming new, multi-week lower highs" after the latest rejection. In addition, he also noted that buyer volume continued to shrink, suggesting that the market was turning bearish as sellers strengthened recently. "When Bitcoin is at resistance, the greater the sell-led volume, the higher the probability of being rejected here." He concluded.
