Bitcoin Wave Analysis – 1 July 2026 Bitcoin vs US DollarFXPRO:BTCUSDFxPro- Bitcoin reversed from pivotal support level 58825.00 - Likely to rise to resistance level 65500.00 Bitcoin cryptocurrency recently reversed from the support area between the pivotal support level 58825.00 (low of wave (1)) and the lower daily Bollinger Band. The upward reversal from this support area is currently forming the daily Japanese candlesticks reversal pattern Bullish Engulfing. Given the strength of the support level 58825.00 and the bullish divergence on the daily RSI indicator, Bitcoin cryptocurrency can be expected to rise to the next resistance level 65500.00 (former strong support from March).