In the last week from July 13 to July 2026, Bitcoin has tried to cross $65,000, but the upward momentum failed to sustain. On the downside, $62,000 is a strong support zone. We expect this trend to continue for the rest of the month based on previous historical patterns.
However, a large fundamental, factor-driven event like the Iran-Israel war peace deal or a US Fed Rate hike could severely impact prices.
Bitcoin Price Movement in July
In the last 30 days, Bitcoin’s price saw a major decline from $63,000 to $58,000 between Jun 22-30 and then saw a similar recovery in the first week of July when the price resurged above $60,000. The price then sustained above $60,000, despite two minor price corrections. Even during these corrections, the prices recovered from the support zone of $62,000.
Further, there were two attempts by Bitcoin’s price to cross $65,000 on 16 and 19 July, both of which failed. However, the price of Bitcoin remained strong near the $64,000 level.
Will Bitcoin Cross $65,000 in July 2026?
Bitcoin has a slight chance of crossing $65,000 for several reasons.
- The US Federal Reserve is expected to raise interest rates, which will reduce the liquidity available in the crypto markets and therefore negatively impact prices.
- The US-Iran conflict sees no end with fresh incidents this week.
- Global supply of fuel and essential commodities still suffers from the Hormuz Strait blockade.
Frequently Asked Questions
What are the top factors supporting Bitcoin this month?
- Institutional and HNI buying.
- Market stability.
What are the top factors opposing Bitcoin’s growth this month?
- Low market liquidity.
- Lack of retail demand.
