Bitcoin Price Prediction: Is BTC’s Resistance Band About to Break or Reject for the Sixth Time?
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Bitcoin traded at $65,457 on July 27, up 0.18%, gaining after Iran signaled a pause in attacks that analysts said could act as a short-term catalyst for crypto. Technically BTC is compressing between the 20-day EMA at $64,475 and the Bollinger upper band, with Benjamin Cowen warning of a likely rejection at the bear market resistance band and an August–September pullback while Anthony Scaramucci forecasts a long-term $10 trillion Bitcoin market cap, indicating mixed near-term technical risk but continued adoption potential.
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- Iran signaled it will pause attacks if the US halts military operations, a development analyst van de Poppe called a green week catalyst for crypto
- Anthony Scaramucci argued Bitcoin could reach a $10 trillion market cap, still less than a third of gold’s current valuation
- Benjamin Cowen says the 2026 structure mirrors 2018 and expects rejection at the bear market resistance band before an August to September pullback
Bitcoin trades at $65,457 on July 27, up 0.18%, catching a bid after Iran signaled a willingness to pause hostilities while pressing against the bear market resistance band that has capped every rally attempt since February.
BTC Is Compressing Between The Bear Market Resistance Band And Its EMA Cluster
The daily chart shows BTC consolidating between the 20-day EMA at $64,475 and the Bollinger upper band a…
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