Bitcoin price recovered $66,000 this week, hitting an intraday high of $66,300, its strongest reading since mid-June, while posting a 24-hour gain of around 3% amid tight order books and cooling US inflation data.
U.S. spot Bitcoin ETFs saw just $75.7 million in net inflows last week, their second consecutive positive week according to CoinGlass data, but that two-week rally of $273.1 million covers just 3.3% of the $8.2 billion outflows over the previous eight weeks.
(SOURCE: CoinGlass)
Meanwhile, Senate progress on the CLARITY Act, the digital asset market structure bill, injects another current of optimism into the narrative, with the legislative timeline still subject to procedural risk.
What happens in the $64,000-$65,000 supply zone over the next few sessions will likely determine whether this is a trend change or a retracement trap.
Can Bitcoin Price Reach $71,500 Before July 29 FOMC Meeting?
$BTC reclaimed the $65,000 level.
The next key resistance lies between $67,500 and $68,000, meaning Bitcoin has some room to run.
If BTC also manages to reclaim the $68,000 resistance, it could rise by another 5-6% very quickly. pic.twitter.com/XPMb3aSU69
— Ted (@TedPillows) July 21, 2026
BTC is trading just above $66,000, with recent levels around $66,300. The 50-day SMA and EMA are converging at the $66,000-$67,000 zone, which analysts believe needs to be convincingly reclaimed for a credible move forward.
Low liquidity increases the risk of sharp reversals, with the 20-day EMA at $63,000 serving as the first support level in the event of a pullback. Below that, $60,000 and the 200-week moving average of $59,000 act as structural floors.
A decline below $65,900 could lead to $61,500 and $60,000, with $59,000 marking the boundary between a bull market correction and a structural collapse.
Three scenarios can be considered:
Bull case: A strong close above $66,000 could push BTC towards $71,500, with resistance at $67,000 and between $69,200 and $72,600.
Base case: A range between $63,000 and $67,000 through the July 29 FOMC meeting, influenced by Fed rate guidance and ETF flows.
Bear case: A rejection at current levels and a retest of $60,000. If this fails, BTC could fall to the $56,930 level noted by Cryptonomist.
DISCOVER: Best Meme Coins to Buy in 2026
Bitcoin Hyper targets early positioning as BTC tests structural resistance
A sustained move from $66,000 to $71,500 represents an increase of approximately +10% for an asset whose market capitalization is already measured in the trillions. For traders whose thesis is the growth of the BTC ecosystem rather than just the price of Bitcoin, the early-stage entry calculus looks different.
The CLARITY Act’s advanced regulatory framework is particularly relevant to infrastructure projects built within the Bitcoin ecosystem, projects whose addressable market grows significantly if Bitcoin’s programmable use cases gain regulatory legitimacy.
Bitcoin Hyper ($HYPER) is positioned directly in this gap. The project claims Bitcoin’s first-ever Layer 2 with Solana Virtual Machine (SVM) integration, targeting sub-second finality and smart contract execution that, by its own benchmarks, exceeds Solana’s native throughput while anchoring security to Bitcoin’s base layer.
The presale raised $32,973,904.37 at the current token price of $0.0136834, with active staking for participants looking to raise as the rally continues. The decentralized canonical bridge for BTC transfers and low-cost transaction execution are the two features most directly linked to the programmability gap that the CLARITY Act is intended to legitimize.
Visit the Bitcoin Hyper presale website here.
EXPLORE: The Best Meme Coins to Buy in July
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile; do your own research before making a decision.
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Neil is a professional cryptocurrency content writer with years of experience. He has written for various cryptocurrency websites to report on the latest news and has been hired by all kinds of cryptocurrency projects, to create content that would increase their visibility and attract more potential investors.
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