BTCUSD is approaching a critical juncture as traders eye a breakout above $64,000, which could open the path toward key moving averages: the 50-day EMA at ~$65,214, the 100-day EMA at ~$68,689, and the 200-day EMA at ~$74,623. Immediate support remains anchored at $60,000.
On July 9, Bitcoin spot ETFs recorded approximately $95 million in net outflows, with Fidelity’s FBTC accounting for roughly $63 million in redemptions and the remainder stemming from other spot funds.
The BTCUSD spot CFD has traded below the short-term holder cost basis—around $70,700—for over nine consecutive months. Although Bitcoin briefly spiked to ~$82,000 in May, testing overhead resistance before retreating, the $70,700 level now acts as formidable resistance.
From its July lows, BTCUSD climbed into the week of July 13, 2026, pushing the 14-day RSI to 66.9. However, spot trading volume declined by 21.5% to $4.1 billion, and cumulative volume delta turned negative—hinting at weakening momentum.
A two-day price rise was fueled by long-term holder accumulation and temporary ETF inflows. Market participants are now watching whether this buying interest persists into next week; if it fades, prior selling pressure may reemerge.
Mid-July on-chain data revealed that mid-sized Bitcoin holders (those holding 100–1,000 BTC) executed their largest net sell-off since February, signaling heightened distribution activity—a key metric for BTCUSD spot CFD traders.
According to Bitfinex analysts, BTCUSD remains in a late-stage bear market phase. Long-term holders continue to accumulate between 50,000–100,000 BTC weekly, while a significant portion of the supply remains underwater. The next directional move may hinge on the upcoming CPI inflation data release.
Meanwhile, Bitcoin dominance risks slipping below 55% as ETH-to-BTC exchange flows shift. Traders note persistent altcoin weakness and multi-year highs in net spot selling as critical factors influencing BTCUSD’s recovery prospects.
Standard Chartered reiterated its $100,000 year-end BTCUSD price target but emphasized the need for clearer monetization strategies and a new institutional framework to support sustainable adoption.