Bitcoin open interest hit five-week highs while funding rates mimicked the BTC 
price collapse below $60,000, leading analysis to predict a new short squeeze.

Bitcoin price analysis sees new short squeeze as open interest nears $25B

The comments followed recent reports that law enforcement officials retrieved 
deleted Signal messages through device push notification logs.

Messaging push notifications are a privacy attack surface, says Durov

Bitcoin is sitting at a critical turning point after weeks of tight 
consolidation and repeated tests of key resistance levels. Price action is 
compressing near a major decision zone, where both bullish breakout potential 
and downside risk remain in play. With momentum building on both sides, the 
next decisive move could determine whether BTC breaks into a new expansion 
phase or slips back into a deeper correction. BTC Enters Key Range High Zone 
($73,000–$75,000) According to Cryptorphic, Bitcoin is currently challenging 
the upper boundary of its established range, pushing into the critical $73,000 
and $75,000 zone. This movement follows several weeks of directionless 
sideways consolidation, marking a significant moment of volatility. Related 
Reading: Bitcoin Spikes Above $72,000 On Easing War Tensions, But CPI 
Threatens Reversal This price range is technically significant because it 
marks a flip zone where former support levels have become formidable 
resistance. Price action suggests some hesitation as Bitcoin enters this 
territory, showing that sellers are active and defending the top of the range. 
If the price faces a firm rejection at this resistance, Cryptorphic warns of a 
potential rotation back toward the mid-to-low range, specifically targeting 
the $65,000 to $63,000 support area. Such a pullback would maintain the 
ongoing range-bound environment. Conversely, a successful breakout and 
sustained hold above the $75,000 mark would signal a fundamental shift in 
market structure, paving the way for a new leg of the bull cycle. For now, the 
strategy remains simple: closely monitor the reaction at resistance to 
determine the next major trend. Bitcoin Still Stuck In The Same Range 
Structure Crypto Patel noted that Bitcoin remains locked within the same 
broader trading range, with price action still struggling to break above a key 
structural barrier. At the moment, Bitcoin is trading below Bearish Order 
Block 1, which sits between $76,000 and $79,000, a zone that has repeatedly 
acted as strong resistance and continues to cap upward momentum. Related 
Reading: Bitcoin Just Deviated From The Bearish Trend That Began In January 
And $86,000 Could Be Next Each approach toward this zone has shown signs of 
hesitation, indicating that sellers are still actively defending it and 
preventing a clean breakout. If buyers manage to push Bitcoin above this 
range, the next major upside target is the Bearish Order Block 2, located 
between $86,000 and $90,000. A move like this would suggest strengthening 
bullish momentum and could mark the beginning of a broader structural shift in 
market direction. However, if BTC fails to break and hold above 
$76,000–$79,000, the risk remains tilted to the downside. In that scenario, 
the market could lose key support and open up the possibility of a deeper 
correction, potentially extending below $50,000. For now, all eyes remain on 
Order Block 1, as this zone is expected to decide Bitcoin’s next major move. 
Featured image from Pixabay, chart from Tradingview.com

Bitcoin On The Brink: One Move Could Trigger A Massive Shift

World’s WLD token unlock rate is set to decrease by 43% on July 24, 2026, 
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WLD Token Inflation Slows as Sam Altman’s World Cuts Daily Unlock Rate

Morgan Stanley turned up the heat in the bitcoin exchange-traded fund (ETF) 
race with a low-fee launch, while Starkware outlined a way to make bitcoin 
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