Weekly Bitcoin Price Analysis & Forecasts the 13th July - 19th July 2026

Following on from last week’s consolidation around the low-$60,000 region, Bitcoin showed a more constructive recovery during the week of 13th July to 19th July 2026.

BTC began the week attempting to stabilise after the previous rejection near $64,000. Price initially remained choppy, but buyers managed to defend the lower range and push Bitcoin back toward the mid-$64,000 region. This allowed BTC to reclaim the hourly 50 EMA and 200 EMA, showing that short-term momentum improved throughout the week.

The daily chart is also showing early signs of stabilisation, with Bitcoin holding above the recent lows and attempting to build structure around the $64,000 area. However, the broader trend is still not fully repaired. BTC remains below the daily 200 EMA, meaning the market still needs to reclaim higher resistance before a stronger bullish reversal can be confirmed.

The purple line represents the 50 EMA, while the yellow line represents the 200 EMA.

Hourly Analysis (1H)

The hourly chart shows Bitcoin trading through a choppy but improving structure.

BTC started the week around the low-$63,000 region before moving higher into the $64,500 to $65,000 area. Early in the week, price showed strength, but it struggled to hold above resistance and began pulling back toward the mid-$63,000 region.

The key moment came when Bitcoin found support around the $62,800 to $63,200 range. Buyers defended this level, and price began to recover back above both the purple 50 EMA and yellow 200 EMA. This was an important short-term shift, as BTC had previously struggled to hold above these moving averages with conviction.

As the week progressed, Bitcoin pushed back into the $64,000 region and began consolidating above the 200 EMA. This suggests that the immediate trend has improved, although price action still remains somewhat hesitant. BTC has not yet delivered a clean breakout above the $65,000 zone, which remains the key short-term resistance.

The main resistance area now sits around $64,500 to $65,000. A clean break above this region would suggest that buyers are gaining stronger control and could open the door toward $65,500 to $66,000.

On the downside, the first support zone is around $63,600 to $63,800, near the hourly moving averages. If price loses this area, the next support zone sits around $62,800 to $63,200. A move below that would weaken the short-term recovery and bring the lower-$62,000 region back into focus.

For now, the hourly structure is cautiously bullish, but confirmation still depends on Bitcoin reclaiming and holding above $65,000.

Daily Analysis (1D)

The daily chart shows Bitcoin attempting to form a base after the sharp sell-off from the May highs.

BTC previously fell from the low-$80,000 region into the high-$50,000 region before bouncing into July. Since then, price has been attempting to stabilise between the $58,000 and $65,000 area. This week’s move back toward $64,000 is a positive sign, especially as buyers continue to defend the recent lows.

The daily 50 EMA, represented by the purple line, is still above current price but beginning to come closer to the market. This remains the first major daily resistance area. Bitcoin needs to reclaim the daily 50 EMA and begin closing above it before the broader recovery can become more convincing.

The yellow daily 200 EMA remains much higher, around the mid-$70,000 region. This means the larger market structure is still not fully bullish. Even though the short-term chart has improved, the daily chart continues to show Bitcoin trading beneath major macro resistance.

The key support remains the $58,000 to $60,000 region. This zone has acted as the major demand area over recent weeks. As long as Bitcoin continues holding above this range, the market has room to build a broader base.

The first major resistance zone sits around $64,500 to $66,000. This is where BTC has repeatedly struggled to gain follow-through. A strong daily close above this region would improve the outlook and potentially open the door toward $68,000.

Until then, Bitcoin remains in a recovery phase rather than a confirmed trend reversal.

SummarY

Bitcoin had a more constructive week, with price recovering from the low-$63,000 region and moving back toward $64,000 to $65,000.

The hourly chart has improved, with BTC reclaiming both the 50 EMA and 200 EMA. This suggests short-term buyers are regaining control, but Bitcoin still needs to break above $65,000 to confirm stronger momentum.

The daily chart remains cautiously positive but not fully bullish. BTC is still below the daily 50 EMA and 200 EMA, meaning the broader recovery has more work to do. The market is trying to build a base above the $58,000 to $60,000 support region, while resistance remains around $64,500 to $66,000.

Key levels to monitor this week include:

• Immediate resistance: $64,500 to $65,000

• Higher resistance: $65,500 to $66,000

• Upside target: $67,000 to $68,000

• Initial support: $63,600 to $63,800

• Key support: $62,800 to $63,200

• Major support: $58,000 to $60,000

Looking ahead, there are no major red-folder events listed on the Crypto Craft calendar for the upcoming week. This may reduce the risk of major scheduled macro volatility, but traders should still remain aware of broader market conditions, central bank commentary and any unexpected developments that could impact risk sentiment.

While no red-folder events are present, there are still several lower-impact events worth monitoring, including:

• China Loan Prime Rate

• Canada CPI data

• UK CPI y/y

• ECB Main Refinancing Rate

• ECB Monetary Policy Statement

• US Unemployment Claims

• US Flash Manufacturing PMI

• US Flash Services PMI

Credit: Crypto Craft

For now, Bitcoin is showing signs of short-term recovery, but the market still needs confirmation. A clean break above $65,000 would strengthen the bullish case, while a move back below $62,800 would suggest the recovery remains fragile.