Bitcoin traded between $63,800 to $64,094 on July 16, 2026, at 8:30 a.m. EDT, holding within a $63,880 to $65,501 range after pulling back from recent highs. Technical charts across multiple timeframes show a mixed picture, with short-term momentum weakening even as the broader structure remains constructive.
Key Takeaways
Bitcoin traded between $63,800 to $64,094 on Thursday, within a $63,800 to $65,501 range, per market data.The MACD reads 94, a bullish signal, while 6 moving averages past 50 days show bearish signals.A daily close above $65,500 or a drop below $63,800 will likely set bitcoin’s next directional move.A break above $64,300 to $64,500 would mark the first indication that buyers are regaining short-term momentum.
4-Hour Chart Consolidates After Local HighA decisive move back above $64,600 to $64,800 would improve the near-term outlook. Losing the $63,800 level would likely open the door to another test of the $63,000 to $62,500 zone.
Daily Chart Structure Stays Bullish Despite PullbackSupport sits at $63,800 to $64,000, backed by a stronger demand zone at $62,500 to $63,000 and major structural support at $61,000.
Oscillators Send Mixed Signals With MACD Standing OutFurther out, the picture shifts: the 50-day EMA at $65,053, the 100-day EMA at $68,382, the 100-day SMA at $70,517, the 200-day EMA at $74,400, and the 200-day SMA at $73,398 all sit above the current price and register negative signals, reflecting the broader pullback from higher levels.
Bull Verdict: Bear Verdict:
