Aaron breaks down one of the most critical levels for Bitcoin right now: the $59,200 short-term support zone. A daily candle close below that line could confirm a breakdown and push price even lower, with a valid bear flag still in play on the chart. At the same time, Aaron pulls up the Better Crypto Calendar to show why July has historically been one of the greenest months for Bitcoin and what that data could mean heading into the new month.
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The bearish risks are stacking up fast. S&P futures carry open gaps at 6,887 and 6,618, and a 10 percent drop to fill them could drag Bitcoin down hard alongside traditional markets. The Japanese yen has reached levels not seen since 1986, sitting near 162 to 164, and the Bank of Japan has signaled that intervention is a matter of when, not if. The last time that intervention hit, it triggered a sharp selloff across both equities and crypto. Stablecoin dominance combined remains stubbornly strong, and a break of the $59,200 support could push it toward Aaron’s 13 percent accumulation zone target.
On the other side of the trade, July has averaged a plus 19 percent return for Bitcoin in past bear market bottom years, specifically 2018 and 2022. A move of that size from current prices would put Bitcoin near $70,500 to $71,000 and tag the weekly fast line of the TBO indicator. Heavily oversold alts could see moves up to three times that magnitude if a market-wide bounce materializes. But Aaron is firm: 2026 is still a bottom year, Bitcoin has likely not yet bottomed, and realized price near $53,000 has been broken to the downside in every prior bear market cycle. Targets of $49,000 and $38,555 remain on the table. Whatever July brings, Aaron urges traders to take profits on the way up and stay disciplined rather than treating any bounce as the all-clear signal.
📖 Chapters 📖
00:00 Bitcoin is in danger of falling a lot lower if it loses this exact level
02:51 We are below 4% like we are definitely exceeding that but what’s interes
05:46 It’s forecast for Bitcoin and what does that mean necessarily for everyt
08:38 There are other exchanges other tools and wallets including a 10% off di
11:35 So I still think that we could see
14:26 With both hands open literally matrix style with a red pill and a green
17:16 I shared all this stuff months ago. Watch this now until the next time
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🔔 Disclaimer: The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.


