Bitcoin’s latest rally has carried the asset back into an area where sellers have previously regained control. The coming sessions should reveal whether this recovery has enough strength to continue or if another rejection is waiting around the corner.

Bitcoin Price Analysis: The Daily Chart

On the daily timeframe, BTC has extended its recovery into the $65.5K-$66.7K supply zone after successfully reclaiming the descending trendline that had capped the price action for weeks. While this breakout represents a notable improvement in market structure, the broader trend remains constrained beneath the declining 100-day moving average, with the 200-day moving average positioned even higher.

The current resistance zone also coincides with a previous distribution area, increasing the likelihood of seller activity around current levels. A decisive daily close above $66.7K would strengthen the bullish case and expose the next resistance around $72K-$74K.

On the downside, the former breakout area near $63K-$64K now serves as the first demand zone. As long as BTC holds above this region, buyers remain in short-term control. Losing this support would shift attention back toward the broader demand zone around $58K-$59.5K, where the latest impulsive rally originated.

BTC/USDT 4-Hour Chart

The 4-hour chart highlights a clear shift in momentum after Bitcoin broke above the descending trendline and rallied directly into the overhead supply zone around $65.5K-$66.7K. The market is now consolidating beneath resistance after rejecting the upper boundary of the range.

This pause appears consistent with profit-taking rather than a confirmed trend reversal, especially since the previous resistance trendline has already been reclaimed. If buyers manage to absorb the current supply, a breakout above $66.7K could trigger another impulsive leg higher.

However, failure to sustain current levels would likely result in a pullback toward the $63K-$64K demand zone, which aligns with the recently broken trendline and could serve as the next area for buyers to defend before another attempt higher.

Sentiment Analysis

The one-year Binance liquidation heatmap shows a notable concentration of short-side liquidity around the $88K region, standing out as one of the largest untouched liquidity pools above the current market price.

From a market structure perspective, this aligns with the broader idea that Bitcoin may eventually be drawn toward that liquidity. However, until price sweeps the $90K cluster and successfully establishes acceptance above it, it is difficult to argue that the higher-timeframe trend has fully transitioned into a bullish market.

As a result, the current recovery should still be viewed with caution. Although the technical structure has improved over the short term, every bullish leg can still be interpreted as corrective within the broader bearish context until the major overhead liquidity is cleared and price stabilizes above that region.

The post Bitcoin Price Analysis: BTC Rally Loses Steam as Historical Resistance Comes Into Play appeared first on CryptoPotato.

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The primary cryptocurrency has staged a minor resurgence over the past week, with its valuation briefly rising to nearly $67,000 and now hovering around $65,000.

However, some analysts warn that this is unlikely to mark the start of a new bull run, envisioning a major collapse in the near future.

Same as 2022?

BTC, which plunged below $58,000 at the end of June, has rebounded by double digits in the following several weeks. And while bulls eagerly await the end of the bear market, the analyst who uses the X moniker BATMAN shut down that optimism.

They believe the cryptocurrency’s recent price increase mirrors the one from the autumn of 2022, which was followed by a massive crash to roughly $16,000.

“Side by side, this level looks concerning. It mirrors a similar bullish pump from 2022 that led to nothing afterward. History might not repeat itself, but it sure does rhyme,” they stated.

Of course, one should keep in mind that the drop below $20K at that time was driven largely by the meltdown of the once-prominent crypto exchange FTX: something that sent shockwaves through the entire digital asset sector.

For their part, X user Kabuki believes that the latest price setup represents a classic bull trap. They think BTC could dump to as low as $47,000 by August before starting a major uptrend move that could take it to over $200,000 by the start of next year.

Monitoring These Vital Levels

X user Ted also gave his two cents, noting the decline from the local high of almost $67K to the current $65K. At the same time, he emphasized the importance of the lower target, arguing that BTC could surge to $67,500-$68,000 if it stays above.

Meanwhile, Bitfinex’s analysts pointed to a key reaction zone between $67,900 and $68,300, where the short-term holder realized price and the second-quarter opening level have lined up. They believe a decisive breakout above or below that range could determine the asset’s direction in the near future.

It is important to note that the renewed institutional interest gives hope that Bitcoin hasn’t completely lost its momentum and might soon post fresh gains. According to SoSoValue, the inflows into spot BTC ETFs have surpassed outflows in the past seven consecutive days, something unseen since April.

The development shows that pension funds, hedge funds, and other conservative investors have increased their exposure to the asset, prompting BlackRock, Fidelity, and many other financial giants that have launched such products to purchase Bitcoin, thereby backing their shares. The situation was much different toward the end of June, when spot BTC ETFs saw a weekly outflow of around $1.8 billion.

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Senate Republicans circulated a revised 616-page Crypto Bill draft on July 22 that includes a White House-backed ethics provision, but no Democrat has publicly endorsed the latest text. Senate Majority Leader John Thune said he wants to move the bill to the Senate floor before the August recess, although it remains unclear whether Republicans can secure the 60 votes needed to advance the legislation.

• The ethics provision bars the president, vice president, members of Congress, senior executive branch officials, and their spouses from issuing or sponsoring certain digital assets while in office.
• The provision designates the U.S. attorney general as the primary enforcement authority and does not authorize state attorneys general to enforce the ethics rules.
• The ethics restrictions would expire in 2029 unless extended by Congress.
• Republicans hold 53 Senate seats, meaning they would likely need support from at least seven Democrats if all senators vote.

The ethics language was negotiated between Senate Republicans and the White House and reflects a compromise the Trump administration was willing to support.

Under the proposal, crypto platforms could be required to avoid listing digital assets issued or sponsored in violation of the ethics rules, while the attorney general could pursue civil enforcement against officials and parties that knowingly violate the provision.

For many Democrats, however, the enforcement structure remains the central concern. They argue that relying solely on the Department of Justice provides insufficient independent oversight, particularly given President Donald Trump’s crypto-related business interests. Those concerns intensified after Trump’s annual financial disclosure reported substantial income tied to crypto ventures, including World Liberty Financial and his memecoin-related businesses.

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Alsobrooks Calls DOJ Only Enforcement ‘An Unserious Offer’

Sen. Angela Alsobrooks (D, Md.), one of the Democrats who has participated in negotiations on crypto legislation, said this week that any enforcement mechanism limited to the Department of Justice is “an unserious offer.” She added that she could not support the bill under its current ethics language while leaving room for further negotiations before a floor vote.

The main disagreement is over enforcement. Democrats have repeatedly sought to give state attorneys general independent authority to enforce the ethics provisions. The revised Republican draft instead reserves enforcement authority to the U.S. attorney general, preventing states from bringing their own actions under that section of the bill. Democratic lawmakers have argued for months that stronger and more independent oversight is necessary.

A group of Democratic senators, including Alsobrooks, Cory Booker, Ruben Gallego, and Mark Warner, has also said the current CLARITY Act draft remains inadequate on ethics, consumer protection, illicit finance, and market integrity. Their support could prove critical if Republicans hope to advance the legislation.

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Thune’s Floor Timeline Puts Pressure on Both Sides of the Crypto Bill

Thune’s plan to pursue a floor vote before the August recess appears designed to increase pressure on negotiators rather than signal that the bill already has sufficient bipartisan backing. When asked whether the legislation was ready, Thune said he was hopeful but acknowledged that further discussions and possible revisions could still be necessary.

The strategy could force lawmakers to either reach a compromise quickly or publicly demonstrate that bipartisan support remains out of reach. If the bill fails to advance before the Senate leaves for the August recess, negotiations could resume later in the year, although the legislative timeline would become less predictable.

The broader crypto regulation package would establish clearer jurisdiction between the SEC and CFTC, create a regulatory framework for digital assets, and include provisions affecting decentralized finance developers and blockchain infrastructure participants. While Republicans hoped the revised ethics language would attract Democratic support, negotiations remain ongoing, and the bill’s prospects are still uncertain.

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The European Union agreed on Thursday to its 21st sanctions package against Russia. EU persons are now barred from transacting with 11 unnamed crypto operators and 94 banks and financial institutions.

While names of the 11 crypto platforms have been withheld, the EU has revealed that they mostly operate in Belarus and Nigeria, acting as conduits to funnel money between Russia and countries blocked from doing business with it.

Previously, Brussels was limited to sanctioning individual firms. It now has the power to bar crypto services from an entire nation or jurisdiction if it is viewed as a hub for laundering Russian financial transactions, an unprecedented development in the battle against sanctions evasion.

Stablecoins and The Garantex Trail

This package is the latest in a series of moves to tighten the net on crypto services tied to the ruble. Earlier this year, the A7A5 stablecoin, which acted as a bridge between sanctioned exchanges Garantex and Grinex, was designated, followed by the RUBx token and digital ruble.

The UK moved in parallel, sanctioning the HTX (formerly Huobi) exchange in May over alleged ties to A7 and Garantex. A Global Ledger report found HTX had processed around $21 billion in ‘high-risk’ crypto transactions over the last 5 years, with almost $8 billion of it tied to Russian actors and darknet markets.

Broad Scope: Banks, Oil And The Shadow Fleet

The package designates 94 financial institutions, including 32 banks and the Moscow stock exchange, freezing their EU-held assets and banning transactions with them. It also targets vessels in Russia’s shadow fleet for the first time.

I welcome the agreement on the 21st sanctions package against Russia.

At a time when Ukraine has built military momentum, our sanctions continue to weaken the economic foundations of Russia’s war effort.

We’re adding 32 more Russian banks to our transaction ban list.

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As well…

— Ursula von der Leyen (@vonderleyen) July 23, 2026

European Commission President Ursula von der Leyen confirmed a freeze on oil cap prices at $44.10 a barrel ‘so that the Russian war machine does not benefit from market shocks,’ adding that Brussels also plans on banning Russian combatants from entering the EU.

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XRP price climbed from around $1.11 to $1.14 during the past week, briefly testing resistance near $1.16 before easing back despite its bullish prediction. The move looked constructive, but buyers are now facing a key ceiling. A decisive break above recent highs could open the door toward $1.32. Otherwise, the rally risks fading as short-term traders lock in profits.

The latest advance follows nine consecutive weeks of net inflows into XRP investment products, totaling about $17.2 million. However, the pace of fresh inflows has slowed. The most recent weekly figure fell to roughly $12 million, suggesting institutional demand remains positive but is no longer accelerating.

Xrp (XRP)

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Price can lead fund flows for a while, yet that relationship becomes less reliable when inflows begin to cool. As a result, traders chasing strength should watch whether demand catches up. If it does not, momentum could fade even if the technical picture still appears healthy.

Meanwhile, the CLARITY Act and the U.S. regulatory outlook remain important catalysts for XRP. Clearer rules could strengthen institutional conviction and support another leg higher. On the other hand, delays or weaker-than-expected progress may encourage investors to stay cautious despite the recent price recovery.

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XRP Price Prediction: Push to $1.65? Or is the Handle Getting Too Long?

XRP is working through a potential cup-and-handle pattern that has been developing since early July. However, the neckline now sits closer to the $1.16 to $1.17 area. The recent consolidation since July 21 still resembles the handle, provided buyers defend the current support. Meanwhile, lighter selling volume during the pullback suggests profit-taking rather than aggressive distribution.

Support is clustered around $1.12 to $1.13, where recent lows have attracted buyers. A stronger floor sits near $1.05 if selling pressure increases. On the upside, immediate resistance stands between $1.16 and $1.18, followed by $1.32. A breakout above that level could expose the next resistance near $1.46.

The earlier breakout from the $1.14 area came with a noticeable jump in trading volume. That move established a benchmark for meaningful market participation. As a result, traders will likely watch for another volume spike before treating any breakout as sustainable.

The bullish case calls for XRP to reclaim and hold above $1.18 on a daily close. If buying momentum strengthens, the price could revisit $1.32 before testing $1.46. The base case keeps XRP trading between $1.12 and $1.18 as traders wait for fresh regulatory or macro catalysts.

The bearish prediction emerges if XRP price closes below $1.12 on rising volume. That would weaken the handle setup and increase the risk of a move toward $1.05. MVRV data also adds an interesting twist. Negative 30 day and 365 day MVRV readings suggest many holders remain underwater, a condition some contrarian investors see as an opportunity rather than a warning.

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LiquidChain Eyes Early-Stage Entry as XRP Tests Resistance Ceiling

XRP at $1.50 is a different bet than XRP at $1.10. The asymmetry has compressed. That’s exactly when traders with a higher risk appetite start looking at earlier-stage setups where the entry price hasn’t already priced in the narrative. ETF inflow dynamics benefiting established assets don’t always filter down to infrastructure plays at presale prices, which is partly the point.

LiquidChain ($LIQUID) is a Layer 3 infrastructure project positioning itself as a unified execution environment that merges Bitcoin, Ethereum, and Solana liquidity into a single settlement layer.

The architecture powers Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, and Deploy-Once Architecture, which targets the fragmentation problem that makes multi-chain DeFi operationally expensive. Current presale price is $0.01482. Total raised stands at $915K.

DYOR applies harder here than on a liquid mid-cap. For traders who’ve done the work, the LiquidChain presale details are worth reviewing directly.

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