Bitcoin Extends Pullback Toward $40K-$43K Support

BTC broke below a monthlong uptrend.

Bitcoin's daily chart shows support/resistance. (Damanick Dantes/CoinDesk, TradingView)

Bitcoin (BTC) remains in pullback mode after failing to break above the $48,000 resistance level last week.

The cryptocurrency was trading at around $43,900 at press time and could find support at $40,000-$43,000.

BTC is down 4% over the past 24 hours, which is less than some popular alternative cryptocurrencies (altcoins), indicating a lower appetite for risk among crypto traders.

On intraday charts, BTC broke below a monthlong uptrend. That means short-term sellers are in control, especially after the breakout level of around $45,000 was rejected on Tuesday.

Recent breakdowns on the charts have confirmed negative momentum signals, although pullbacks appear to be limited. For now, the broader recovery from January lows remains intact.

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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.

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.