Is Bitcoin once again a buy?
Last Updated on 5 July 2026 by CryptoTips.eu
After a drop to $58,000, we have seen a ‘bounce’ in the crypto market over the last few days (Bitcoin quickly climbed to $63,000, and coins like Ether and Hyperliquid surged), raising the classic question once again: is Bitcoin a ‘buy’ now, or should we wait a little longer?
We’re so back, baby! (Until it’s so over.) pic.twitter.com/aoXmxAEAHj
— Autism Capital 🧩 (@AutismCapital) July 4, 2026
2018 and 2022
This is, of course, not the first time Bitcoin has gone through a so-called ‘crypto winter.’ Long-term investors are well aware by now that the largest digital currency frequently undergoes sell-offs of this magnitude. Bitcoin has generated a return of around 8,800% since its inception, so a 50% drop from last October’s peak is a drop in the ocean in the long run.
If you compare the current dip to previous crypto winter periods, specifically those of 2018 and 2022, we would normally need to fall another 10% or so to be truly certain that the bottom is in.
$BTC has some decent sell orders between $62,000-$65,000.
— Ted (@TedPillows) July 2, 2026
On the downside, there are large buy orders around $55,000-$57,000.
If Bitcoin manages to break above $65,000 with decent spot demand, it could rally 8%-10% pretty quickly. pic.twitter.com/RqFpIJI20i
Analysts are aware of this number too, so it makes sense that major Wall Street investment funds have placed automatic buy orders in the $50,000 to $54,000 range.
Furthermore, we are entering the summer months, typically a rather quiet period for crypto (as well as for most stock markets).
Historically, this dip is quite normal, and long-term investors are likely holding off before re-entering the market.
In the short term, a bounce to the $65,000 level is quite standard, so whether this momentum continues will depend on the performance of tech stocks next week.
