Bitcoin price prediction: Can $62,151 resistance hold as BTC climbs 2.56%?

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Bitcoin jumps 2.56% as ETF inflows return

Highlights

Spot Bitcoin ETFs in the U.S. saw $221.7 million in net inflows on July 2, reversing a multi-day outflow trend.
Large BTC holders accumulated over 270,000 BTC in two weeks, tightening supply and boosting market stability.
Despite short- and long-term bearish technical pressure, intraday momentum signals are mixed, with likely consolidation between $60,310 and $62,627.

Institutional inflows surge as ETF demand and whale accumulation tighten supply

U.S.-listed spot Bitcoin ETFs recorded $221.7 million in net inflows on July 2 after a 10-day period of outflows, according to CoinDesk, marking a decisive shift in institutional sentiment and liquidity. This renewed ETF demand increases capital flows into the market, bolstering near-term support for Bitcoin as a tradable asset. CoinDesk also reported that large holders acquired more than 270,000 BTC over the two weeks leading up to July 3, 2026, further tightening available supply and contributing to market resilience.

Mixed oscillators complicate outlook as buyers face resistance at technical levels

On the technical front, BTC is trading below the MA-20 and MA-50 on the hourly chart, and significantly below the MA-200 on the daily chart. The Ichimoku Kijun is positioned at $62,151 and acts as immediate resistance. Oscillator signals are mixed: the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) both show a strong buy tone, while the Relative Strength Index (RSI) and Commodity Channel Index (CCI) also indicate continued buying pressure. Meanwhile, Bull/Bear Power is overbought, Stochastic RSI remains neutral, and the Awesome Oscillator does not confirm the prevailing trend, which suggests buyers dominate the short-term flow but the risk of exhaustion is rising.

Consolidation likely as upside breaks hinge on key resistance

Looking ahead, BTC is expected to trade within a volatility band of $60,310 to $62,627 over the next 1–2 sessions. The probability of an upward move is estimated at 55%, with a baseline scenario of consolidation within this corridor. A breakout above $62,151 could trigger more buying interest, while a fall below $60,310 would expose the asset to further downside risk.

Anton Kharitonov, expert at Traders Union, sees recent ETF inflows and whale accumulation as positive signals, but remains cautious. The technical chart shows BTC under key moving averages, with buyers dominating but signs of exhaustion rising. He believes short-term consolidation is likely unless Bitcoin clears $62,151. "Until BTC decisively breaks above resistance, my stance stays defensive — further downside risk cannot be ruled out."

Earlier, analysts noted that Bitcoin’s rebound was driven by renewed expectations of Fed rate cuts and short covering following weak U.S. jobs data. Fresh ETF inflows and continued accumulation by large holders now reinforce near-term market support, but traders should monitor for a potential breakout above $62,151 or renewed downside pressure below $60,310 as key triggers in the sessions ahead.

Source of Data: BTC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.