Bitcoin slips to $65,000 as analysts flag key levels

KUALA LUMPUR, 23 JULY 2026 —

Bitcoin hovered near $65,000 on July 22, down almost 50% from the October 2025 peak above $125,000.

The largest cryptocurrency by market value fell to a session low of $65,484.00 on Coinbase, according to TradingView data. Analysts said traders should watch a cluster of technical levels in the coming days. Maxime Seiler, co-founder and CEO of STS Digital, pointed to $70,000–$72,000 as the next upside target, with immediate resistance at $67,000–$68,000 and strong support at $60,000.

Seiler cited two catalysts in an emailed note. He said the Federal Reserve’s July 28–29 meeting is the “thing that resolves the range one way or the other.” He added that the continuation of bitcoin ETF inflows is also a key variable for short-term direction.

Julio Moreno, head of research at CryptoQuant, mapped similar lines. In an emailed note, he said traders should treat $64,000 as short-term support and $72,000 as resistance. “These levels have been reliable support and resistance during this bear market,” he wrote, referencing on-chain realized price bands shown in CryptoQuant’s charts.

Tim Enneking, managing partner of Psalion, said $60,000 now looks like a firm floor after months of choppy trade. He noted bitcoin has spent six months bouncing between $57,000 and $83,000, and the past two months within $57,000–$67,000. “Breaking the $67,000 high set on June 15 is critical to continue putting in higher lows and highs,” Enneking wrote.

He added one caution: the current pattern resembles late-2022, when bitcoin took longer to bottom before rebounding in January 2023.

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