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These 3 Missing Pieces Are Holding Bitcoin Back, Says Analyst
Jul 11, 2026
< 1 min read
by Jordan Lyanchev
for CryptoPotato
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Bitcoin has climbed more than 10% from a recent multi‑year low below $58,000 but bears remain dominant in the crypto market, leaving downside risk for BTC price. Analyst Ted Pillows warns BTC and the S&P 500 are poised for further losses, though he expects bitcoin to outperform the index amid ongoing market weakness.
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Despite gaining over 10% since its recent multi-year low at under $58,000, bitcoin is still not out of the woods yet as the bears continue to dominate, said Ali Martinez.
Meanwhile, fellow analyst Ted Pillows believes BTC, alongside the S&P 500, is poised for more losses, but the cryptocurrency is poised to outperform the index.
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