Bitcoin Dips Below $46K, Support Around $42K
Upside appears to be limited given signs of slowing momentum.
Bitcoin continues to fade after last week’s sell-off from the $52,000 resistance level. Buyers were unable to hold support at the 200-day moving average around $46,000, although the pullback could stabilize around the $42,000 breakout level achieved in early August.
The long-term uptrend is weakening as sellers attempt to establish a lower price high since April. Upside appears to be limited given signs of slowing momentum and resistance around $50,000-$55,000.
- The relative strength index (RSI) on the four-hour chart is rising from oversold levels over the past few days.
- Buyers could return near $42,000 support, although resistance around $48,000 could limit price rises.
- BTC is trading within a tight range, which means price is consolidating after a nearly 15% decline over the past week.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Why it matters:
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
