Bitcoin is stabilizing around a key demand zone near $60,000, with several chart signals suggesting a potential reversal—though a short-term bearish setup remains unresolved. Technical analysis highlighted a possible double-bottom structure on the multi-day chart and a bullish divergence on the weekly RSI, pointing to upside scenarios that could extend toward major resistance levels.

However, near-term conditions are still fragile. A daily “bear flag” resistance area around $66,700 and rising whale inflows to Binance—according to CryptoQuant analysis—could weigh on BTC until Bitcoin proves it can reclaim key moving-average levels.

Key takeaways

BTC has rebounded twice from the roughly $60,000 support region, keeping a double-bottom thesis active as long as that level holds.
Confirmation for the double-bottom case depends on breaking upward toward resistance clustered around $81,000.
Weekly RSI divergence suggests weakening downside momentum, strengthening the longer-horizon recovery scenario.
On the daily chart, BTC is currently testing resistance near $66,700 where a bear flag structure could still cap the rebound.
CryptoQuant analyst Darkfrost reported increased whale inflows to Binance, which can align with continued sell pressure during corrections.

Double-bottom forms near $60,000 as BTC rebounds

Bitcoin bounced roughly 13.25% from a local low below $60,000, moving back toward the $67,000 area by June 15. The rebound was linked in the source coverage to broader risk sentiment after a preliminary US–Iran truce helped ease pressure on markets, with lower oil prices and reduced near-term inflation concerns contributing to the relief rally.

Technically, the focus is now on the way BTC is interacting with the $60,000 support zone. The three-day chart is showing what analysts describe as a potential double-bottom reversal near that area. Importantly, BTC appears to have defended the $60,000 region for a second time in 2026 after a sharper June sell-off pushed the price back toward the same support level.

The first bottom is described as forming near the March low, while the later rebound followed the June drawdown. As long as BTC continues holding above the $60,000 support, the double-bottom structure remains valid in this technical framework.

For traders, the critical question is whether Bitcoin can break the “neckline”—set near $81,000, where BTC previously stalled before the latest leg down. A decisive close above that zone would be treated as confirmation by technical analysts, opening the door to a measured move that could target roughly $108,000 by August or September, or more than 60% above current levels in the scenario described.

Weekly RSI divergence strengthens a longer recovery case

Beyond the double-bottom pattern, the source also points to a weekly momentum signal: bullish divergence between BTC price action and the relative strength index (RSI). In this setup, BTC made a lower low near the $60,000–$65,000 support band, but weekly RSI formed a higher low—an indication that sellers were able to push price down, yet with reduced momentum.

The article notes that similar divergence behavior appeared near Bitcoin’s 2022 bear-market bottom, where RSI recovered first and price followed with a multi-month rebound. Analyst Jelle, in a Monday post on X, suggested that Bitcoin could “act similarly to late 2022 in the coming months,” reinforcing the interpretation of this divergence as potentially supportive for a later upward rotation.

Even with that constructive signal, confirmation still matters. The source highlights two major resistance levels that BTC would likely need to reclaim: the 20-week EMA around $74,500 and the 50-week EMA near $82,500. Reclaiming those moving-average levels would increase the odds of a summer recovery toward the $100,000 area, while a weekly close below $60,000 would weaken the bullish reversal case.

Short-term bear flag risk could still delay upside

Despite the longer-term optimism implied by the double-bottom and RSI divergence, the daily chart retains a caution flag. The source describes BTC as testing a resistance confluence near $66,700, formed by the upper trend line of a bear flag pattern and the 20-day EMA.

If BTC fails to clear that zone, the rebound could turn corrective rather than impulsive. In that case, the next area to watch would be the lower trend line of the bear flag around $63,600. A rejection there would keep Bitcoin “trapped” within the bearish continuation structure.

Technically, a daily close below the lower trend line would be treated as bear flag breakdown confirmation. Using the typical measured-move approach described in the coverage, that would imply a downside objective near $53,850—around 20% below current prices at the time of the analysis.

The source also adds a volume-based nuance: declining volume during the bear flag formation can indicate weaker participation, which often aligns with rebounds that may struggle to establish durable upward momentum.

Whale inflows to Binance add potential sell-pressure

On top of chart-based risk, the source connects short-term price vulnerability with whale behavior. CryptoQuant analyst Darkfrost, referenced via an X post, reported a sharp rise in whale inflows to Binance after BTC’s latest correction.

According to the figures cited in the coverage, large holders sending to Binance averaged about 3,200 BTC per day over the past month, compared with roughly 1,200 BTC at the end of April. While inflows do not automatically mean immediate market selling, the interpretation offered is that this pattern suggests either increased willingness to sell or a heightened readiness among large holders to distribute during downturns.

In the context of a bear flag that could cap rallies near $66,700, these whale flow trends are significant to traders because they can increase the likelihood that upward moves get sold into—especially while BTC remains below key resistance clusters like the $74,500 and $82,500 moving-average zones.

What to watch next

BTC’s next moves should be judged against two competing signals: the double-bottom and weekly RSI divergence that require sustained holding above $60,000, and the daily bear flag structure that warns of potential breakdown if resistance around $66,700 fails. Traders will likely focus on whether Bitcoin can reclaim $74,500 and $82,500, while monitoring Binance whale inflows for signs that selling pressure is easing or intensifying.