Why Analysts Think Bitcoin Price Could Rally To $70K In July

Bitcoin price climbed on Saturday as weak U.S. jobs data lifted demand for major crypto assets. The global crypto market rose 1.09% to $2.17 trillion within 24 hours. Bitcoin traded at $62,626, gaining 1.28% on the day.

The BTC price also advanced nearly 5% over the past week. Traders reacted after June job growth slowed more than expected. Analysts say softer rate expectations could help Bitcoin target $70,000 in July.

The U.S. economy added 57,000 jobs, below forecasts of 110,000. That figure also dropped from 129,000 jobs reported in May. Meanwhile, unemployment eased to 4.2%, beating the 4.3% estimate. Ethereum price surged moved above $1,700 as market sentiment improved. XRP and Dogecoin also gained. 

Why Bitcoin Price May Rally To $70K In July, According To Analysts

Crypto analyst said Bitcoin could rally toward $70,000 in July if a past pattern returns. The analyst noted that Bitcoin posted red May and June candles three previous times. Each period was followed by an average July gain of 19%. 

Last 3 times $BTC had a red May and June, it averaged 19% return in July.

If this repeats, Bitcoin could tap the $70,000-$71,000 zone this month. https://t.co/noejm6evgL pic.twitter.com/s93DOWWWaR

— Ted (@TedPillows) July 3, 2026

A repeat could push BTC into the $70,000-$71,000 range this month. The view has gained attention as Bitcoin trades above $62,000. Still, traders are watching volume and resistance before confirming a leg higher. Historical signals remain uncertain now.

Bitcoin Spot ETFs End 10-Day Outflow Streak With $222M Inflow

Bitcoin spot ETFs returned to positive flows on July 2, ending a 10-day stretch of withdrawals. Wu Blockchain shared data showing that the funds registered net inflows of $222 million.

The recovery followed with the Bitcoin price floating above $62000, which indicated new demand following the recent market pressure. Meanwhile, Ethereum spot ETFs also stayed positive, recording $29.08 million in net inflows.

Bitcoin Spot ETFs See $222M Net Inflow After 10-Day Outflow Streak

On July 2 (ET), Bitcoin spot ETFs recorded a total net inflow of $222 million, turning positive after 10 consecutive days of net outflows. Ethereum spot ETFs recorded a total net inflow of $29.08 million. pic.twitter.com/LP3UjuQPJV

— Wu Blockchain (@WuBlockchain) July 3, 2026

The numbers indicate that institutional buyers were back, albeit tentatively, even though there was poor sentiment in some sectors of the crypto market. Nevertheless, traders can continue to observe inflows in future sessions. Sustained ETF demand could support Bitcoin’s attempt to hold near key support this week.

Bitcoin Price Prediction: Can BTC Break $64K and Rally Toward $70K?

At the time of the reporting, the price of the BTC was traded close to $62,795 in the four-hour chart. Bitcoin has been in an ascending channel and has been recovering steadily since its lows in late June. The mid-range of around $63 000 is currently being tested by the buyers as momentum is gaining.

The next resistance of full Bitcoin forecast report is at the value of $64,000, and the recent candles can have selling pressure. 

Any clean breakout beyond this point would pave the way to $66,000. The broader target is still at $70,000 in case buying strength persists.

The RSI is however around 67 and this indicates that the momentum is strong but at the risk of becoming overheated. The CMF of 0.03 also indicates mild capital inflow but there is not much conviction. On the downside, $62,000 remains the first support, followed by $60,000.