Bitcoin holds above $62,500; short-term averages bullish

Bitcoin traded near $62,743 on July 9, 2026, up about 1% over the previous 24 hours, with market capitalization near $1.259 trillion. The coin consolidated inside a daily range between $61,507 and $63,116.

On the one-hour chart, price action was confined to a narrow band. Immediate support sat near $62,400 and resistance formed between $62,900 and $63,000. The shortest-term momentum indicator registered a bearish reading, indicating near-term exhaustion after the daily gain. Intraday traders tracked buying interest around $62,300 to $62,500, with stop-loss placement suggested below $62,100. Selling interest was noted on rallies into the $62,950 area, which kept price near the center of the short-term range.

The four-hour chart showed local support between $62,000 and $62,200 and resistance capped at $63,000 to $63,200. The relative strength index read near 48 and the stochastic oscillator around 72. The moving average convergence divergence registered a bullish reading that aligned with short-term exponential and simple moving average crossovers. Traders targeting swing entries were watching for four-hour closes above $62,800 to $63,000, with profit targets identified near $63,800 and suggested exits around $63,400 to $63,500 if upward momentum stalled.

On the daily chart, Bitcoin traded below the 50-day and 200-day moving averages, at roughly $65,624 and $74,225 respectively. Support was cited near $61,500, with resistance clustered between $63,100 and $63,500, an area that coincides with the pivot point at $63,515. A confirmed daily close above $63,500 on rising volume would open the path toward the 50-day average near $65,624 and a nearer objective at $65,000. A decisive break below $61,500 would expose $60,000 and, with accelerated selling, the prior cap near $57,700.

Indicator readings were mixed across timeframes. Of eleven oscillators surveyed, seven read neutral, one read bullish and two read bearish. The RSI was near 48, the stochastic around 72, the commodity channel index at 33, the average directional index at 28 and the Williams percent range near -29. The momentum indicator (2,492) and the bull-bear power reading (153) registered on the bearish side, while the MACD provided the lone bullish signal among the group.

Moving averages diverged by timeframe. Short-term averages leaned bullish, led by a 10-day SMA at about $62,137 and an EMA20 near $62,554, with a 20-period volume-weighted MA near $61,448. Longer-term measures remained below current price, with the 50-, 100- and 200-day SMAs and EMAs signaling lower levels and the 200-day averages near $74,225 (SMA) and $75,152 (EMA).

Trading activity favored range strategies and selective entries on pullbacks while market participants monitored volume and multi-day closes for evidence of a sustained breakout or a renewed corrective phase.