Bitcoin Analysis – 29.Jun.2026
Bitcoin Analysis: By analyzing the #Bitcoin chart on the weekly timeframe, we can see that all assumptions from the previous analysis remain valid. BTC is once again trading around the key $60,000 region, and the market is still trying to decide whether buyers can reclaim this psychological level or not.
Right now, the $58,000 – $60,000 area remains one of the most important demand zones on the chart. If Bitcoin manages to stabilize above $60K, we could see a short-term recovery toward $63,000, followed by $66,000, and potentially $70,000 if momentum improves.
On the downside, if buyers fail to defend this region, the next important demand zone remains between $52,500 – $56,000.
The market has not received many positive catalysts recently, and that can increase fear among traders. However, for long-term investors, these types of demand zones can still be attractive accumulation areas if they manage risk properly and avoid emotional entries.
For now, patience is key. Bitcoin is sitting at a major decision zone, and the reaction around $60K will likely shape the next major move.
(This Post on TradingView)
Author : Arman Shaban
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