There\u2019s a lot that\u2019s not going bitcoin\u2019s way at the moment, but we will delve into that in a moment. For this intro, we will just suggest that BTC might actually be performing better than expected, at least for now.<\/p>\n
However, the latest rejection at $64,000 could spell more trouble ahead, and here are the new bearish targets set by Ali Martinez and Ted Pillows.<\/p>\n
Just think about it \u2013 the war was essentially just restarted<\/a> today as Iran and the US launched new strikes against each other, Strategy sold<\/a> more than 3,500 BTC, recent reports suggested<\/a> a major miner capitulation, AI continues to extract capital out of crypto markets, the BTC ETFs bled<\/a> over $8 billion in two months, the Fed doesn\u2019t seem inclined to lower the rates soon, and yet, the cryptocurrency still trades above $60,000.<\/p>\n While bitcoin has managed to withstand all this macro pressure, to an extent, of course, now comes a technical blow. At first, it was popular analyst Ted Pillows who argued that BTC\u2019s bottom has not arrived yet. Basing his theory on historical performance, he drew a chart<\/a> indicating that the asset might slump below $50,000, or even $45,000, before reaching that level.<\/p>\n Ali Martinez weighed in on bitcoin\u2019s rejection at $64,000. He believes getting stopped at the top of this channel could trigger a more profound pullback in the short term to under $60,000 or even to a new multi-year low of $56,550.<\/p>\n Bitcoin $BTC<\/a> is getting rejected at the top of its channel.<\/p>\n This could trigger a pullback toward $59,700, with $56,550 as the next downside target. pic.twitter.com\/GvI9fMFQbD<\/a><\/p>\n \u2014 Ali Charts (@alicharts) July 8, 2026<\/a><\/p>\n<\/blockquote>\n Another analyst on X, CW, spoke about the Kimchi Premium \u2013 the price of BTC on Korean exchanges compared to the rest of the world. The metric demonstrates the current demand in the Asian country. It had fallen to -2% for a long time, setting the record for the longest negative period in the last 5 years.<\/p>\n However, it has eased to -0.835%, according to CW\u2019s data, which means that demand for BTC in Korea is returning. This is considered one of the key metrics that could suggest a trend reversal, especially if it flips to positive soon.<\/p>\n Die $BTC<\/a> Kimchi Premium Strategy indicator is showing a positive trend.<\/p>\n The Kimchi Premium has also decreased from -2% to -0.835%.<\/p>\n The longest period of negative Kimchi Premium in the last 5 years is being maintained. However, the end of the bearish trend is approaching. pic.twitter.com\/Bivsx4wRqS<\/a><\/p>\n \u2014 CW (@CW8900) July 8, 2026<\/a><\/p>\n<\/blockquote>\n Der Posten Bitcoin Hasn\u2019t Fully Capitulated Yet: Analysts Warn of Lower Levels Ahead<\/a> erschien zuerst auf KryptoKartoffel<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" There\u2019s a lot that\u2019s not going bitcoin\u2019s way at the moment, but we will delve into that in a moment. For this intro, we will just suggest that BTC might actually be performing better than expected, at least for now. However, the latest rejection at $64,000 could spell more trouble ahead, and here are the […]<\/p>\n","protected":false},"author":1,"featured_media":49272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-49270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\n\n
The Positive Side<\/h2>\n
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