Bitcoin Decline Could Stabilize at $60K Support
Short-term upside appears to be limited given the loss of upside momentum.
Bitcoin dipped below $65,000 as buyers continue to take some profits. The cryptocurrency was trading at around $64,000 at press time and is down 2% over the past 24 hours.
Lower support is seen at about $60,000, which could stabilize the current pullback.
The relative strength index (RSI) on the four-hour chart is near oversold levels, similar to Oct. 27, which preceded a nearly 10% increase in price. This time, however, buyers could face resistance at around $65,000, given the loss of upside momentum this week.
Indicators suggest a period of consolidation could persist after upside exhaustion signals appeared on the charts yesterday. Further, a negative divergence on the daily RSI suggests limited upside over the short term.
The weekly chart shows improving price momentum, although a decisive breakout above $69,000 needs to be confirmed before projecting upside targets.
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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.
