Bitcoin price prediction: $55.5K or $70K for its next impulse move?

ambcryptoPublicado a 2026-07-17Actualizado a 2026-07-17

Resumen

After a brief recovery above $65K, Bitcoin's price retreated slightly, with recent liquidations remaining modest compared to earlier large-scale sell-offs. Analysts note fragile market conditions, citing negative ETF flows and lack of specific Bitcoin demand. However, the Bitcoin Regime Score, which combines several market metrics, indicates a modestly bullish short-term outlook for the second consecutive week. From a technical perspective, Bitcoin's price action is at a critical juncture. The higher timeframe trend remains bearish, with $65,260 acting as a key resistance level. The analysis suggests a potential continuation of the downtrend toward $55,560 or even $51,934 in the coming weeks, unless the price closes above $67,292 on a 4-hour chart. An alternative scenario could see a rally up to $77,489 before the larger bearish trend resumes.

After falling to $62.2K on Monday, 13th July, Bitcoin [BTC] gained by 4.45% a day later as the price poked its head above the $65K-level. In the 48 hours since then, Bitcoin has fallen by 1.37% again. The liquidations caused by the rejection of $65K were not much.

Compared to the liquidation cascade caused by the slide from $74K to $60K, the liquidation figures in recent days were modest. The past 24 hours only saw $52 million in BTC trader liquidations, compared to nearly $980 million in liquidations on 23rd June, when BTC fell from $64.2K to $62K.

AMBCrypto reported that fragile market conditions could stall a recovery. According to a Bitfinex analyst, there was no Bitcoin-specific demand in sight, ETF flows were negative, and so was the Coinbase Premium Index.

Bitcoin bounce is not over yet!

Source: Axel Adler Jr.

The Bitcoin Regime Score combines taker flow, funding rates, Open Interest, exchange flows, ETF flows, and price trends. Using this metric, crypto analyst Axel Adler Jr. demonstrated that the press time reading of +34.6 put the regime score in modestly bullish territory.

The pullback below zero on 14th July has been reversed since, due to the buying pressure that followed.

Main market components have been pointing in the bullish direction in the short-term, the analyst concluded. In fact, the regime remained bullish for the second consecutive week.

Bitcoin price prediction and the case for an imminent bearish reaction

Source: BTC/USDT on TradingView

At the time of writing, the price action was at a precarious location. The higher timeframe price trend was bearish. Using the higher timeframe impulse price move from $82,850 to $51,888, Fibonacci retracement levels (orange) were plotted.

Another set of retracement levels was plotted using the 4-hour timeframe’s swing structure. The $65,260-level was the 78.6% retracement level, a key resistance. In recent hours of trading, a bearish reaction ensued too.

It is expected that Bitcoin will continue its downtrend and fall to $55,560 and $51,934 in the coming weeks. This bearish idea would be invalidated upon an H4 session close above $67,292.

In the second scenario, a rally up to $77,489 might materialize before the higher timeframe downtrend takes control.


Final Summary

  • The Bitcoin Regime Score metric showed short-term bullish market components for Bitcoin.
  • Price action showed there was a good chance of rejection from $65.3K and a bearish trend continuation.

Criptos en tendencia

Preguntas relacionadas

QWhat does the Bitcoin Regime Score metric indicate about the current market conditions?

AThe Bitcoin Regime Score, which combines factors like taker flow, funding rates, and ETF flows, had a reading of +34.6 at press time, putting it in 'modestly bullish' territory. The analyst noted that main market components have been pointing in a bullish direction in the short-term, and the regime remained bullish for the second consecutive week.

QWhat are the two potential price targets mentioned if Bitcoin continues its bearish trend?

AIf Bitcoin continues its downtrend, the article suggests it could fall to $55,560 and $51,934 in the coming weeks.

QAccording to the price action analysis, what level would invalidate the bearish idea of a downtrend continuation?

AThe bearish idea of a downtrend continuation would be invalidated upon a 4-hour (H4) candlestick session closing above the $67,292 level.

QHow did recent liquidations compare to the large liquidation event on June 23rd?

ARecent liquidations were modest compared to the event on June 23rd. The past 24 hours saw only $52 million in BTC trader liquidations, whereas the June 23rd event involved nearly $980 million in liquidations when BTC fell from $64.2K to $62K.

QWhat was the reason given for the fragile market conditions potentially stalling a Bitcoin recovery?

AAccording to a Bitfinex analyst cited in the article, the fragile conditions were due to a lack of Bitcoin-specific demand, negative ETF flows, and a negative Coinbase Premium Index.

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The article discusses using dice rolls to generate secure Bitcoin wallet seeds, providing entropy independent of potentially flawed hardware random number generators. It explains that each fair dice roll offers about 2.585 bits of entropy, with around 50 rolls needed for a standard 12-word seed phrase and 99+ recommended for higher security. This method gained attention after a vulnerability was revealed in some Coldcard hardware wallets, where a faulty firmware RNG (dating back to 2021) compromised generated keys. The analysis notes that while a dice-generated main seed was safe from this specific flaw, other Coldcard functions (like creating paper wallets, backup keys, or passwords) could still be vulnerable if they used the defective RNG. The piece argues that while dice-based entropy is technically robust, the manual process is error-prone, tedious, and unrealistic for most new users, who might make mistakes in recording or inputting rolls. It concludes that while manual entropy generation should remain an option for advanced users, the long-term goal is to develop reliable, user-friendly hardware and software that securely generates randomness without requiring specialized knowledge. Coldcard users are advised to check their firmware version and replace any secondary secrets (like paper wallet keys) created with vulnerable devices, while also considering multi-signature setups with devices from different manufacturers for added security.

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