Bitcoin price forecast: Breakout attempt after Energy Intelligence tool launch

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Bitcoin gains 1.19% today, hits $64,724

Highlights

Braiins and Enel North America launched Energy Intelligence to help Bitcoin miners optimize energy use and reduce costs.
A 17.5% decline in network hashrate during H1 2026 threatens mining economics and may impact network performance.
BTC/USD shows short-term bullish momentum, but low volatility and overbought signals suggest near-term sideways movement within $62,927–$65,568.

Mining stability eyed as energy tool launch meets hashrate decline

Braiins launched its Energy Intelligence tool on July 16, 2026, in collaboration with Enel North America, to enhance energy management for Bitcoin miners and reduce operational costs. This new capability may improve network efficiency and support miner profitability, potentially increasing mining stability during periods of industry stress. Data from Criptonoticias further highlights a 17.5% decline in the Bitcoin network hashrate in the first half of 2026, a factor which may affect mining economics and network throughput.

Mixed momentum as short-term bullish signals challenge long-term resistance

BTC/USD is trading above the MA-20 and MA-50, but remains below the MA-200. The Ichimoku Kijun sits at $64,427 and offers immediate support. Relative Strength Index (RSI) is elevated at 67.67, Commodity Channel Index (CCI) issues a Buy signal, and Bull/Bear Power (BBP) shows an Overbought condition, suggesting buyer dominance. The Moving Average Convergence Divergence (MACD) points to strong buying momentum, though the Average Directional Index (ADX) and Awesome Oscillator are Neutral, and Stochastic RSI also reflects a neutral stance, showing mixed conviction among oscillators.

Upward bias expected as volatility band shapes near-term outlook

Looking ahead to the next two to three days, BTC is expected to remain within a volatility band between $62,927 and $65,568. There is a high probability (78%) of further upward movement, while downside risks remain lower at 22%. If BTC maintains strength above immediate support, a sideways consolidation between current levels remains the baseline scenario, but a decisive break above resistance could target higher ranges, whereas a sustained drop below support may trigger sharper declines.

Viktoras Karapetjanc, expert at Traders Union, believes that Bitcoin’s near-term outlook is supported by fundamental improvements in mining technology and constructive sentiment. He sees the launch of Braiins’ Energy Intelligence with Enel North America as a positive macro development, which could help stabilize miner economics and the broader network. Although the recent hashrate decline signals a softer environment for mining, current price action and technical momentum remain bullish. In his view, sustained support above key levels and industry innovation favor further gains. "With network upgrades and strong buyer appetite, I expect BTC to challenge the upper end of its current range in the coming days."

Earlier, analysts noted that renewed institutional inflows and improving sentiment had positioned Bitcoin for potential upward momentum amid constrained volatility. The recent launch of advanced mining efficiency tools and ongoing strength in technical signals further enhance the outlook, making a decisive break above the current $65,568 resistance a critical threshold for any accelerated upside move.

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.