The cryptocurrency fell over 2% from its opening around $63,700, testing key support at $62,500 while stocks and other risk assets slid too. This pullback follows a 50% drop from Bitcoin’s $126,000 peak in October
2025, with traders split-bears eyeing $50,000 or lower on technical breakdowns, bulls spotting long-term supports for a rebound toward $265,000 by 2027.
On-chain data shows long-term holder selling easing, but low volumes amplify swings as eyes turn to U.S. CPI data on July 14 and Middle East developments.