Bitcoin & Crypto: The Real Move Starts Soon — Ethereum, Solana, XRP Update

Jul 12, 2026

Bitcoin is holding above support and a bullish setup points to a possible push toward $65,000 soon — mildly positive for traders betting on a short-term bounce.

  • Bitcoin keeps bouncing off $60,000 support, with a bullish signal on both the daily and weekly charts pointing to a relief move over the next week or two.
  • A large stack of short bets sits just under $65,000 — if the price hits that zone, those bets get wiped out and could squeeze Bitcoin a bit higher.
  • Ethereum is the main trade here, sitting in a $200,000 leveraged long, waiting on a breakout above $1,800 to confirm a move toward roughly $2,070.
  • Solana is stuck in a range between $75 and $83, and XRP is still in a longer-term downtrend despite a short-term bounce.
  • The move depends partly on what the US stock market does when it reopens.

Outlook: Expect a choppy, slightly upward drift for Bitcoin and major altcoins over the coming weeks, not a straight-line rally.

## Bitcoin Levels

  • **Bias:** Cautiously bullish short-term (bullish divergence active); still long-term bearish overall.
  • **Support:** ~$60,000 (3-day support), with minor liquidity/support near $61K.
  • **Resistance:** ~$64,000–64,500 (near-term), then $65,120–66,000, and $66,500–67,000.
  • **Targets:** Short-term squeeze toward $64,900–65,000, possibly slightly above $65,000 within the next week.

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