Bitcoin (BTC) remains in a tight range after buyers took profits at the $34,000 resistance level. The cryptocurrency registered a series of lower price highs over the past few days, which suggests sellers are in control. The price decline could stabilize heading into the weekend at around $30,000 support.
Bitcoin was trading at about $32,000 at press time and is down about 2% over the past week.
- Resistance is seen at the 50-day moving average, which signaled an intermediate-term downtrend since the May sell-off.
- The relative strength index (RSI) is neutral after rising from oversold levels over the past month. That suggests the price could stabilize within the current range with support at $30,000.
- Momentum is slowing, however, and the weekly RSI is not yet oversold. There is risk that a break below $30,000 could resume the downtrend since April.
- For now, buyers could remain active at short-term support, albeit with limited upside given the strong overhead resistance.
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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.
