Bitcoin and crypto squeeze confirmed as ETH breaks out

Jul 15, 2026

Crypto is edging higher, which is good news for holders, as Bitcoin takes out short sellers and Ethereum confirms a breakout.

  • Bitcoin pushed above $65K, wiping out short bets, and is now bouncing off support near $60K.
  • A long-term bullish divergence is building on Bitcoin's weekly chart, the same signal seen at the end of the 2022 bear market.
  • Ethereum confirmed a "double bottom" breakout above $1.8K, opening a path toward roughly $2,070.
  • The pitch to trade on a no-KYC exchange with a "4,000 USDT bonus" is a paid promo β€” treat it as an ad, not advice.
  • Solana is holding support near $75, while XRP and Chainlink look stuck in choppy, sideways trading.

Outlook: Bitcoin is likely to slow down or drift sideways for a day or two, then push toward $66K to grab fresh liquidity.

## Bitcoin Levels

  • **Bias:** Bullish (short-term push higher, larger long-term reversal signal building)
  • **Buy / accumulate:** Weekly divergence framed as a long-term buying zone; $60K is the key support holding
  • **Support:** $60,000; $61,000 crucial short-term line
  • **Resistance:** $66,000–$67,000, especially $66,500
  • **Targets:** Near-term push toward $66K to take out liquidity at $65.6K–$65.7K and $66K
  • **Invalidation:** A drop below $61,000 would break the bullish setup; an inverse head-and-shoulders would need a pullback to $61K–$62K then a break above the $66.5K neckline

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