Bitcoin Stabilizes at Support; Faces Resistance at $45K
BTC held support around $30K and upside appears limited towards $45K with high volatility into the weekend.
Bitcoin (BTC) is in recovery mode after a sharp correction this week. The cryptocurrency held support near $30,000 and was trading around $40,000 at press time. Volatility should remain high into the weekend and next week with upside limited towards $45,000 resistance.
- The relative strength index (RSI) on the daily chart is oversold, which could keep buyers active at support levels.
- Bitcoin returned above the 100-day moving average, which should stabilize selling pressure.
- The broader uptrend is weakening but price will have to stay above $40,000 to maintain a bullish outlook.
- Resistance is seen around the 50-day volume-weighted moving average around $45,000, which could limit price recoveries over the short term.
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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.
