{"id":434450,"date":"2026-07-17T22:56:02","date_gmt":"2026-07-17T17:26:02","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-drops-back-to-its-local-range-as-bear-market-history-repeats-crypto-news\/"},"modified":"2026-07-18T00:25:36","modified_gmt":"2026-07-17T18:55:36","slug":"bitcoin-drops-back-to-its-local-range-as-bear-market-history-repeats-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-drops-back-to-its-local-range-as-bear-market-history-repeats-crypto-news\/","title":{"rendered":"Bitcoin Drops Back to Its Local Range as Bear-Market History Repeats &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-testid=\"post__body\">\n<p>Bitcoin (BTC) dipped below $62,500 at Friday\u2019s Wall Street open as stocks took a fresh hit from the US-Iran war.<\/p>\n<p><strong>Key points:<\/strong><\/p>\n<ul class=\"list-bullet\">\n<li class=\"\" style=\"\" value=\"1\">Bitcoin gives traders a sense of deja-vu as local highs spark rejection and rangebound moves continue.<\/li>\n<li class=\"\" style=\"\" value=\"2\">The US-Iran war pushes stocks and crypto lower.<\/li>\n<li class=\"\" style=\"\" value=\"3\">A bear-market trend line is now in place as resistance, copying historical patterns.<\/li>\n<\/ul>\n<h2>BTC price action stays \u201cvery choppy\u201d<\/h2>\n<p>Data from TradingView showed BTC\/USD extending losses with up to 2% daily downside.<\/p>\n<figure><\/figure>\n<p style=\"text-align: center;\"><em>BTC\/USD one-hour chart. Source: Cointelegraph\/<\/em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow noopener\" target=\"_blank\"><em>TradingView<\/em><\/a><\/p>\n<p>US stocks opened in the red, with the Nasdaq Composite Index also down nearly 2% at the time of writing. Fresh military strikes on Iran fueled the risk-asset retreat, while tech stocks continued to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-price-dips-with-us-stocks-as-tech-sell-off-as-micron-losses-pass-30\"><span style=\"text-decoration: underline;\">see selling pressure<\/span><\/a>.<\/p>\n<p>Trading resource The Kobeissi Letter also flagged weakness arising from earnings disappointments, with Netflix shedding over 10% to start the US session.<\/p>\n<p>\u201cThe stock is now down -50% over the last 12 months and trading at its lowest level since August 2024,\u201d it noted in a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/KobeissiLetter\/status\/2078093118700765234\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">post on X<\/span><\/a>.<\/p>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/nflx2026-07-1717-16-54.png\" srcset=\"https:\/\/s3-images.ctmedia.io\/media\/content\/nflx2026-07-1717-16-54-320x182.webp 320w, https:\/\/s3-images.ctmedia.io\/media\/content\/nflx2026-07-1717-16-54-480x274.webp 480w, https:\/\/s3-images.ctmedia.io\/media\/content\/nflx2026-07-1717-16-54-640x365.webp 640w, https:\/\/s3-images.ctmedia.io\/media\/content\/nflx2026-07-1717-16-54-960x547.webp 960w, https:\/\/s3-images.ctmedia.io\/media\/content\/nflx2026-07-1717-16-54-1280x729.webp 1280w\" sizes=\"auto, (max-width: 768px) 360px, (max-width: 1024px) 728px, 896px\" style=\"max-width:min(896px,100%)\" width=\"896\" height=\"511\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/nflx2026-07-1717-16-54.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>Netflix stock one-day chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<p>After <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-hits-655k-as-more-surprise-us-inflation-data-sparks-three-week-btc-price-high\">hitting three-week highs<\/a>, BTC price action fell back into its established range as traders saw copycat moves.<\/p>\n<p>\u201cMarket just keeps repeating same things,\u201d commentator Exitpump <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/exitpumpBTC\/status\/2078087187673862449\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">wrote on X<\/span><\/a>.\u00a0<\/p>\n<blockquote><p>\u201cDump into passive demand, OI increases with shorts piling up while spot starts buying which leads to bounce.\u201d<\/p><\/blockquote>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hnbzfe0xoaani7z.png\" srcset=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hnbzfe0xoaani7z-320x211.webp 320w, https:\/\/s3-images.ctmedia.io\/media\/content\/hnbzfe0xoaani7z-480x316.webp 480w, https:\/\/s3-images.ctmedia.io\/media\/content\/hnbzfe0xoaani7z-640x422.webp 640w, https:\/\/s3-images.ctmedia.io\/media\/content\/hnbzfe0xoaani7z-960x632.webp 960w, https:\/\/s3-images.ctmedia.io\/media\/content\/hnbzfe0xoaani7z-1280x843.webp 1280w\" sizes=\"auto, (max-width: 768px) 360px, (max-width: 1024px) 728px, 896px\" style=\"max-width:min(896px,100%)\" width=\"896\" height=\"590\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hnbzfe0xoaani7z.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>BTC\/USDT five-minute chart with order-book data. Source: Exitpump\/X<\/em><\/p>\n<p>Trader Daan Crypto Trades argued that current behavior was \u201ctypical\u201d of summer.<\/p>\n<p>\u201cVery choppy few days up, few days down kind of price action the last few weeks. No real action anywhere really,\u201d he <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/DaanCrypto\/status\/2078034468707701007\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">summarized<\/span><\/a>.<\/p>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hnapdgkwqaabemx.png\" srcset=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hnapdgkwqaabemx-320x216.webp 320w, https:\/\/s3-images.ctmedia.io\/media\/content\/hnapdgkwqaabemx-480x323.webp 480w, https:\/\/s3-images.ctmedia.io\/media\/content\/hnapdgkwqaabemx-640x431.webp 640w, https:\/\/s3-images.ctmedia.io\/media\/content\/hnapdgkwqaabemx-960x647.webp 960w, https:\/\/s3-images.ctmedia.io\/media\/content\/hnapdgkwqaabemx-1280x862.webp 1280w\" sizes=\"auto, (max-width: 768px) 360px, (max-width: 1024px) 728px, 896px\" style=\"max-width:min(896px,100%)\" width=\"896\" height=\"603\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hnapdgkwqaabemx.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>BTC\/USD four-hour chart. Source: Daan Crypto Trades\/X<\/em><\/p>\n<h2>Bitcoin seals key bear-market repeat<\/h2>\n<p>Trader Jelle, meanwhile, remained optimistic, seeing range lows holding.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-bottom-countdown-nears-50-days-after-btc-supply-in-loss-passed-50\"><span style=\"text-decoration: underline;\"><em><strong>Bitcoin bottom countdown nears 50 days after BTC supply in loss passed 50%<\/strong><\/em><\/span><\/a><\/p>\n<p>\u201cStill think this looks good for a relief rally in the next weeks &#8211; which would give the market room to drop into October without nuking much deeper,\u201d he <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoJelleNL\/status\/2078100152380977611\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">told<\/span><\/a> X followers.<\/p>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hnbvc0iwmaag0.png\" srcset=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hnbvc0iwmaag0-320x247.webp 320w, https:\/\/s3-images.ctmedia.io\/media\/content\/hnbvc0iwmaag0-480x371.webp 480w, https:\/\/s3-images.ctmedia.io\/media\/content\/hnbvc0iwmaag0-640x495.webp 640w, https:\/\/s3-images.ctmedia.io\/media\/content\/hnbvc0iwmaag0-960x742.webp 960w, https:\/\/s3-images.ctmedia.io\/media\/content\/hnbvc0iwmaag0-1280x990.webp 1280w\" sizes=\"auto, (max-width: 768px) 360px, (max-width: 1024px) 728px, 896px\" style=\"max-width:min(896px,100%)\" width=\"896\" height=\"693\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hnbvc0iwmaag0.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>BTC\/USD one-day chart. Source: Jelle\/X<\/em><\/p>\n<p>In updates on the bear market\u2019s progress, trader and analyst Rekt Capital suggested that Bitcoin\u2019s long-term downtrend was now in its final stages.<\/p>\n<p>BTC\/USD, he wrote, had flipped its 50-month exponential moving average (EMA) to resistance, repeating bear-market history to set up its drop to a long-term floor.<\/p>\n<p>\u201cThe necessary technical milestone has been achieved,\u201d he <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/rektcapital\/status\/2078107019106472377\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">confirmed<\/span><\/a>.\u00a0<\/p>\n<blockquote><p>\u201cWhich technically indicates that the majority of the anticipated move has already happened.\u201d<\/p><\/blockquote>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hnbqixwsaafgsa.png\" srcset=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hnbqixwsaafgsa-320x236.webp 320w, https:\/\/s3-images.ctmedia.io\/media\/content\/hnbqixwsaafgsa-480x354.webp 480w, https:\/\/s3-images.ctmedia.io\/media\/content\/hnbqixwsaafgsa-640x472.webp 640w, https:\/\/s3-images.ctmedia.io\/media\/content\/hnbqixwsaafgsa-960x708.webp 960w, https:\/\/s3-images.ctmedia.io\/media\/content\/hnbqixwsaafgsa-1280x944.webp 1280w\" sizes=\"auto, (max-width: 768px) 360px, (max-width: 1024px) 728px, 896px\" style=\"max-width:min(896px,100%)\" width=\"896\" height=\"661\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hnbqixwsaafgsa.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>BTC\/USD one-month chart with 21, 50EMA. Source: Rekt Capital\/X<\/em><\/p>\n<p>As <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-price-gains-nearly-10-in-july-but-traders-still-see-btc-copying-2022-bear-market\"><span style=\"text-decoration: underline;\">Cointelegraph reported<\/span><\/a>, Rekt Capital saw the July relief bounce ending with the onset of next month.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) dipped below $62,500 at Friday\u2019s Wall Street open as stocks took a fresh hit from the US-Iran war. Key points: Bitcoin gives traders a sense of deja-vu as local highs spark rejection and rangebound moves continue. The US-Iran war pushes stocks and crypto lower. A bear-market trend line is now in place as [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":434453,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-434450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/434450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=434450"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/434450\/revisions"}],"predecessor-version":[{"id":434454,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/434450\/revisions\/434454"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/434453"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=434450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=434450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=434450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}