Bitcoin looks set to drift higher in the near term, good news for crypto holders as the stock market recovers and short-term selling signals fade.

• Bitcoin bounced near $61.5K and has cancelled a short-term bearish signal, so the pullback looks over for now.
• The S&P 500 is near record highs again, and that rising tide is expected to lift Bitcoin and larger altcoins.
• New buy orders are stacking just under $65K, so price will likely be pulled up to grab that money soon.
• Longer-term charts point to a much bigger recovery building into late 2026 and 2027.
• Ethereum is close to a breakout above $1.8K that could open a run toward roughly $2,070; Solana and Chainlink stay stuck in their ranges.

Outlook: Expect choppy but generally upward drift in the coming days and weeks, with a possible push toward $65K.

## Bitcoin Levels

• **Bias:** Bullish (short-term relief plus bullish divergence on daily and weekly charts)
• **Support:** ~$60,000 major support; $61.5K–$62K short-term support
• **Resistance:** ~$64.5K, then ~$66.5K
• **Targets:** $64.7K–$64.9K near-term (liquidity just under $65K); much larger recovery expected into Q3/Q4 2026 and 2027
• **Note:** Downside liquidity still sits near $61,000