Bitcoin Pulls Back From Resistance, Support at $49K-$50K
Pullbacks appear to be limited given breakouts on the charts.
Bitcoin is declining after testing resistance near $52,000 on Monday. Initial support is seen at the $50,000 breakout level where buyers displayed strength last week. The cryptocurrency is trading around $51,000 at press time and is up about 8% over the past week.
- The upward sloping 100-period moving average on the four-hour chart could stabilize the short-term pullback above $49,000.
- The relative strength index (RSI) on the four-hour chart is declining from overbought levels, which preceded profit taking during Asian hours.
- The RSI continues to diverge from bitcoin’s rally over the past month, signaling slowing upside momentum. However, pullbacks appear to be limited given multiple breakouts on the charts.
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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.
