---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000789603.md"
description: "$BTC/USD(BTCUSD.HAS)🏆 Weekly Bitcoin Update: Cautious Recovery Amid Geopolitical RisksBitcoin is seeing tentative recovery, trading around $63,644. Geopolitical tensions briefly slowed its rise, but steady institutional activity is helping it stabilize — setting up a key test at major technical levels.🔷 Technical Snapshots🟢 4-Hour ChartBTC has edged above the middle Bollinger Band at $63,665, trying to turn this into solid support. It’s now heading toward resistance at the upper band of $64,936. The 4-hour RSI hits 51.09 — balanced but leaning upward, with immediate support at $62,394.🟢 Daily ChartThe bigger picture shows ongoing consolidation. Bitcoin is battling to close above its daily middle band at $63,620. A confirmed break here would clear the way to the upper band at $65,336. The daily RSI has rebounded to a neutral 46.64, signalling the heavy mid-year sell-off has fully faded.📊 Key Drivers🟢 Geopolitical Resilience: News of fresh U.S. strikes in Iran sparked market volatility but Bitcoin and Ether held steady.🟢 ETF Support: Consistent inflows into spot Bitcoin ETFs are effectively absorbing large sell orders, offsetting downward pressure and keeping prices stable despite macro uncertainty.✅ The VerdictBulls hold the short-term advantage right now. If Bitcoin firmly stays above $63,620, a quick move toward $65,336 is probable. If it loses this level, expect a retest of the $61,817 support zone.Not financial advice. Do your own DD.😁"
datetime: "2026-07-12T07:02:40.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000789603.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000789603.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000789603.md)
author: "[Fattycat](https://longbridge.com/en/profiles/19854884.md)"
generator: "portal-rs"
---

# $BTC/USD(BTCUSD.HAS)🏆 Weekly Bitcoin Update: Cauti…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**