Bitcoin Analysis – 16.Jul.2026

Bitcoin Analysis: By analyzing the #Bitcoin chart on the weekly timeframe, we can see that BTC continued to follow the expected bullish scenario. Despite the heavy volatility throughout the week, buyers managed to push price as high as $65,500. Currently, Bitcoin is trading around $64,700 and is showing much stronger price retention compared to assets such as Gold. Negative headlines and market volatility are no longer causing the same aggressive sell-offs we saw before. Even when BTC corrects, buyers quickly step back in and price returns toward the higher levels.

This behavior shows that demand remains active and Bitcoin is becoming more comfortable trading at higher prices. Because of this, I still expect further upside in both the short term and medium term. The next upside targets to monitor are $66,000, followed by $68,000, then $70,000, $74,000, and potentially $78,000 if bullish momentum continues.

For now, the broader structure remains bullish as long as Bitcoin continues holding above the key $62,000 to $63,000 area.
(This Post on TradingView)

Author : Arman Shaban
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