Bitcoin’s technical structure is flashing early signals of a potential bullish reversal, with fading sell pressure across multiple timeframes. The price defended the critical $60,000 support last weekend and has since rebounded above $63,000, turning the level into a historical anchor. On the weekly chart, momentum indicators are aligning, confirming the reversal hints previously seen on lower timeframes.
Adding to the positive backdrop, institutional demand showed signs of recovery. Bitcoin ETFs broke a nine-week outflow streak, recording $197.4 million in net inflows for the first time in over two months. This shift comes despite renewed US-Iran geopolitical tensions and heavy corporate selling—Strategy executed its largest-ever BTC sale last week—yet Bitcoin maintained a range between $61,300 and $64,700.
According to the latest Bitfinex Alpha report, Bitcoin typically spends five to six months in a bear market phase below the Short-term Holder Realized Price. July marks the fifth month of this window, historically the final stage before a broader recovery. However, analysts caution that a full rebound is not yet guaranteed. The 30-day SMA of ETF net inflows still points to net contraction, and macro factors—such as the US CPI release and ongoing geopolitical flare-ups—must align for a durable trend change. Institutional demand, while improving, has yet to establish a solid floor.
