Close Menu
Cryphedge.com
  • Home
  • Crypto News
    • Bitcoin
    • NFT News
  • Altcoins
  • Scams
  • Blockchain
  • Regulations
  • Trading
Facebook X (Twitter) Instagram
Cryphedge.com
  • Home
  • Crypto News
    • Bitcoin
    • NFT News
  • Altcoins
  • Scams
  • Blockchain
  • Regulations
  • Trading
Cryphedge.com
Home » Support at $59,000 Could Decide the Next Move
Support at ,000 Could Decide the Next Move

Support at $59,000 Could Decide the Next Move

July 26, 20263 Mins ReadNo Comments Bitcoin
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin remains in a bear market but may be entering its final stretch, according to a chart analyst tracking the cryptocurrency’s historical four-year cycle, with a possible bottom forming as soon as October.

A Cycle Bitcoin Has Followed Before

Bitcoin has historically moved through roughly one year of bear market followed by three years of bull market, based on patterns dating back to prior cycles. The current downturn began after Bitcoin’s October 2025 high, putting the cryptocurrency roughly on track to enter its final quarter of decline, the analyst said.

Bitcoin has already reached the full $66,230 to $76,640 resistance zone for Q3, a level the analyst had flagged in advance as the ceiling for this stage of the cycle. A rejection from resistance could open a path down toward $56,500, then $44,000, with $39,000 identified as a further downside target if selling accelerates.

Near-Term Levels to Watch

On shorter timeframes, Bitcoin was rejected near $66,300 in mid-July before breaking below a rising trend line, which now sits near $65,300 and could act as resistance going forward. Near-term support sits in a zone between $59,369 and $62,533, the analyst says, describing this as the key area to watch heading into the weekly close.

A separate resistance band between $64,922 and $66,227 is also being tracked as a ceiling for any short-term bounce, based on Fibonacci retracement levels drawn from the recent high.

Seasonal Patterns Point to a Volatile August

Seasonality data reviewed by the analyst shows that August and September have historically been weak months for Bitcoin during past bear market years, including 2014, 2018, and 2022, while July has typically been the strongest month of any bear market year. In 2022, Bitcoin extended gains into mid-August before reversing, a pattern the analyst said could repeat, though he warned it isn’t a scenario he would trade aggressively.

A Separate Timing Model Points to October

A separate cycle-tracking tool used by the analyst identifies a dominant 260-day rhythm in Bitcoin’s price action. That model correctly flagged a cycle top forming in late May, which was followed by the current selloff. Based on that same rhythm, the tool points to a possible major low forming around October this year, with a margin of two to four weeks in either direction.

The analyst stressed that both the seasonal and cycle-based tools describe general tendencies rather than precise forecasts, and that no method can guarantee exactly when or where Bitcoin’s bear market will conclude.

Was this writing helpful?

Tell us why!

Share this insight with your network!

Story Ends Here

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Read the Next News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
cryphedge

Related Posts

Zcash (ZEC) Price Nears Major Breakout as $500 Liquidity Zone Comes Back Into Focus

July 26, 2026

Top Cryptos Other Than Bitcoin and Ethereum Poised to Benefit From the CLARITY Act

July 26, 2026

Dogecoin Price Rebounds as Shiba Inu Gains Strength—Can DOGE Rally Higher This Month?

July 25, 2026

Gen Z Investors Are Rewriting TradFi Rules With a Disciplined NVIDIA-First Strategy

July 25, 2026
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Lawsuit claims 3.8M dormant BTC using police lost-and-found rules as Congress races to stop it with CLARITY

July 26, 2026

Support at $59,000 Could Decide the Next Move

July 26, 2026

XRP Ledger’s Big Upgrade Just Cleared Its Final Vote, Here’s What’s Coming

July 26, 2026

Why two public companies quietly liquidated 511 Bitcoin in 24 hours to escape $31.7 million in debt

July 26, 2026
About

cryphedge is an online news portal that aims to share the latest crypto news, bitcoin, altcoin, blockchain, nft news, regulation, trading, crypto scams and much more stuff.

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

RIpple to $15 If Ethereum Reaches $54K

April 23, 2026

WLFI Crypto Surges Toward $0.12 as Whale Buys $2.75M Before Trump-Linked Forum

February 18, 2026

Aster overtakes Tether in revenue with potential for token buyback

September 29, 2025
Subscribe
Please enable JavaScript in your browser to complete this form.
Loading
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$65,366.001.60%
  • ethereumEthereum(ETH)$1,957.024.10%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$574.851.20%
  • usd-coinUSDC(USDC)$1.000.00%
  • rippleXRP(XRP)$1.111.10%
  • solanaSolana(SOL)$76.823.00%
  • tronTRON(TRX)$0.3318100.20%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.032.90%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$57.272.00%
  • HyperliquidHyperliquid(HYPE)$59.632.70%
  • dogecoinDogecoin(DOGE)$0.0732551.20%
  • USDSUSDS(USDS)$1.000.00%
  • RainRain(RAIN)$0.0140881.30%
  • leo-tokenLEO Token(LEO)$9.71-0.10%
  • zcashZcash(ZEC)$504.754.60%
  • moneroMonero(XMR)$354.59-1.80%
  • chainlinkChainlink(LINK)$8.794.80%
  • stellarStellar(XLM)$0.1825262.30%
  • cardanoCardano(ADA)$0.1657390.60%
  • CantonCanton(CC)$0.1246793.20%
  • daiDai(DAI)$1.000.00%
  • bitcoin-cashBitcoin Cash(BCH)$216.363.30%
  • Gram (prev. Toncoin)Gram (prev. Toncoin)(GRAM)$1.512.10%
  • USD1USD1(USD1)$1.000.00%
  • Ethena USDeEthena USDe(USDE)$1.000.00%
  • litecoinLitecoin(LTC)$47.843.20%
  • Global DollarGlobal Dollar(USDG)$1.00-0.10%
  • shiba-inuShiba Inu(SHIB)$0.0000058.10%
  • hedera-hashgraphHedera(HBAR)$0.070305-0.60%
  • Circle USYCCircle USYC(USYC)$1.130.00%
  • suiSui(SUI)$0.721.20%
  • avalanche-2Avalanche(AVAX)$6.73-0.70%
  • crypto-com-chainCronos(CRO)$0.0569971.00%
  • PayPal USDPayPal USD(PYUSD)$1.000.00%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • tether-goldTether Gold(XAUT)$4,074.470.60%
  • uniswapUniswap(UNI)$3.905.90%
  • nearNEAR Protocol(NEAR)$1.821.20%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.140.20%
  • OndoOndo(ONDO)$0.4050866.40%
  • BittensorBittensor(TAO)$199.173.90%
  • pax-goldPAX Gold(PAXG)$4,077.610.70%
  • okbOKB(OKB)$84.751.90%
  • World Liberty FinancialWorld Liberty Financial(WLFI)$0.055270-2.10%
  • AsterAster(ASTER)$0.63-0.10%
  • HTX DAOHTX DAO(HTX)$0.000002-0.10%
  • MemeCoreMemeCore(M)$1.230.20%
  • Ripple USDRipple USD(RLUSD)$1.000.00%
  • usddUSDD(USDD)$1.000.00%
  • aaveAave(AAVE)$100.289.50%
  • Falcon USDFalcon USD(USDF)$1.000.00%
  • polkadotPolkadot(DOT)$0.831.40%
  • mantleMantle(MNT)$0.4157800.90%
  • SkySky(SKY)$0.0585981.10%
  • WorldcoinWorldcoin(WLD)$0.3571411.50%
  • BFUSDBFUSD(BFUSD)$1.000.00%
  • MorphoMorpho(MORPHO)$1.96-2.10%
  • PepePepe(PEPE)$0.0000037.70%
  • internet-computerInternet Computer(ICP)$2.191.70%
  • bitget-tokenBitget Token(BGB)$1.680.20%
  • ethereum-classicEthereum Classic(ETC)$7.106.30%
  • AudieraAudiera(BEAT)$3.584.30%
  • USDGOUSDGO(USDGO)$1.000.00%
  • United StablesUnited Stables(U)$1.000.00%
  • Blockchain CapitalBlockchain Capital(BCAP)$106.200.00%
  • ​​Stable​​Stable(STABLE)$0.038515-3.00%
  • quant-networkQuant(QNT)$63.740.50%
  • kucoin-sharesKuCoin(KCS)$6.690.80%
  • Pi NetworkPi Network(PI)$0.0830540.20%
  • Spiko Amundi Overnight Swap Fund (EUR)Spiko Amundi Overnight Swap Fund (EUR)(EURSAFO)$1.150.17%
  • Janus Henderson Anemoy Treasury FundJanus Henderson Anemoy Treasury Fund(JTRSY)$1.110.00%
  • justJUST(JST)$0.1051091.50%
  • EthenaEthena(ENA)$0.0897993.00%
  • POL (ex-MATIC)POL (ex-MATIC)(POL)$0.0774640.70%
  • Invesco Short Duration US Government Securities FundInvesco Short Duration US Government Securities Fund(USTB)$11.160.00%
  • kaspaKaspa(KAS)$0.0291243.60%
  • Pump.funPump.fun(PUMP)$0.00199015.40%
  • render-tokenRender(RENDER)$1.481.50%
  • algorandAlgorand(ALGO)$0.0846480.40%
  • nexoNEXO(NEXO)$0.740.90%
  • cosmosCosmos Hub(ATOM)$1.401.10%
  • gatechain-tokenGate(GT)$6.710.80%
  • Janus Henderson Anemoy AAA CLO FundJanus Henderson Anemoy AAA CLO Fund(JAAA)$1.040.00%
  • Venice TokenVenice Token(VVV)$13.894.80%
  • 币安人生 (BinanceLife)币安人生 (BinanceLife)(币安人生)$0.654.70%
  • BeldexBeldex(BDX)$0.0825290.30%
  • GHOGHO(GHO)$1.000.00%
  • JupiterJupiter(JUP)$0.1918762.40%
  • filecoinFilecoin(FIL)$0.740.70%
  • YLDSYLDS(YLDS)$1.000.00%
  • FlareFlare(FLR)$0.006426-0.20%
  • xdce-crowd-saleXDC Network(XDC)$0.027994-0.80%
  • Usual USDUsual USD(USD0)$1.000.00%
  • arbitrumArbitrum(ARB)$0.0832550.20%
  • Spiko EU T-Bills Money Market FundSpiko EU T-Bills Money Market Fund(EUTBL)$1.23-0.10%
  • LighterLighter(LIT)$2.143.70%
  • aptosAptos(APT)$0.632.50%
  • USXUSX(USX)$1.000.00%
  • Provenance BlockchainProvenance Blockchain(HASH)$0.0092368.10%