The expert estimated the growth prospects of bitcoin to $ 70 thousand.

In the case of a steady consolidation of bitcoin above $ 63.5 thousand, the way will open to the next large range — $ 68-70 thousand. If the resistance holds, the nearest reduction targets will be the levels of $ 60 thousand and $ 58 thousand. A longer-term scenario is a possible move to the area of $47-50 thousand, where a market reversal may form. Kirill Komalenkov, Director of Strategic Communications at Bitbanker, told Izvestia on July 3.

"At the end of the first working week of July, the short-term picture for bitcoin looks better than it did a few days ago. Buyers managed to consolidate the price above the key moving averages, while the local uptrend remains. However, there is a key resistance zone ahead — $ 62-63.5 thousand. This, in my opinion, is where the fate of the current momentum will be decided," the expert said.

One of the factors supporting bitcoin, according to Komalenkov, was the macroeconomic situation in the United States. After the publication of data on the labor market, the dollar index dropped to 100.53 points. Weaker-than-expected employment figures have reduced the likelihood of monetary policy tightening by the Federal Reserve. An additional positive signal for investors was the statements by representatives of the American regulator about a decrease in inflation expectations, which eased concerns about a further increase in interest rates.

Another growth driver was the actions of institutional investors. According to Coinglass, for the first time in the last ten days, a net inflow of funds was recorded in bitcoin ETFs - almost $264 million. According to Komalenkov, this indicates the return of interest of large market participants in the digital asset.

One bottom: is it worth buying Bitcoin, which has started to grow

And how is the collapse of the cryptocurrency in early 2026 radically different from the previous ones?

The expert said that volatility will remain high until the end of the trading session. If buyers hold the initiative, bitcoin is able to test the range of $62-63.5 thousand. At the same time, a short-term exit above these levels is not excluded, which may be associated with the collection of liquidity before determining the further direction of movement.

At the same time, the analyst considers the area of $62-63.5 thousand to be the most attractive for sellers. If the cryptocurrency fails to gain a foothold above the $63.5 thousand mark, the current growth may turn out to be only a technical rebound, after which the market will move down again.

No sharp fluctuations in the exchange rate are expected this weekend, Komalenkov added. Traditionally, during this period, liquidity in the cryptocurrency market decreases, so consolidation in the current range remains the most likely scenario in the absence of significant news.

According to the expert, in the coming days, investors will closely monitor the negotiations between the United States and Iran on the situation around the Strait of Hormuz, the dynamics of the inflow of funds into bitcoin ETFs, as well as the reaction of world markets after the resumption of a full-fledged trading week in the United States. The expert believes that the range of $62-63.5 thousand will become the key zone that will determine the direction of bitcoin's movement in the coming weeks.

Deputy Finance Minister Ivan Chebeskov announced on June 16 that unqualified investors in Russia will soon be able to legally buy bitcoin, ether and popular stablecoins. After almost 10 years of discussions and disputes, including the idea of a total ban, the authorities are moving to comprehensive regulation of the cryptocurrency market.