BTC New Low → 6% Relief Rally → Rejects $61K: A continued bounce or Setup for More Downside? (July 2026)
The beginning of this week has been a busy one for the $BTC price. From making a new low at just under $58K, the price then rallied 6% but has since come back to potentially confirm $60K as support again. Bounce or failed rally from here?
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Bitcoin (BTC) experienced a new low near $58,000, rallied 6%, rejected $61,000, and is now testing $60,000 as support, reflecting ongoing price volatility.
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