Bitcoin Recovers to $61,000... Worldcoin and Uniswap Lead the Rally

▲ Bitcoin (BTC)/AI Generated Image ©

As Bitcoin (BTC) recovers to the $61,000 mark and embarks on a short-term rebound, Worldcoin (WLD) and Uniswap (UNI) have significantly outperformed the market in a single day, attracting investor attention. However, technical indicators suggest that major resistance levels still remain, and further confirmation is needed to determine if the uptrend will continue.

According to investment media outlet FXStreet on July 3 (local time), Bitcoin has maintained a stable trend above $61,000 after rebounding approximately 5% over two days. Market risk aversion has also somewhat eased, with the Fear and Greed Index rising to 23, indicating a gradual recovery in buying sentiment. However, the price remains below the 50-day Exponential Moving Average (EMA) of $66,015 and the 200-day EMA of $77,159, maintaining a medium-to-long-term bearish trend.

The media outlet analyzed that this rebound is a result of bargain hunting near the $60,000 support level. Although institutional fund outflows continue, Japanese company Metaplanet invested $225 million during Q2 2026 to purchase an additional 2,823 Bitcoins, increasing its total holdings to 43,000 BTC. Technically, the Relative Strength Index (RSI) is moving below the neutral line of 50, and the Moving Average Convergence Divergence (MACD) is above its signal line, indicating a possibility of a short-term rebound, but significant selling pressure is also present at higher levels.

Bitcoin's major resistance levels are presented as the 50-day EMA at $66,015 and the 200-day EMA at $77,159. Conversely, on the downside, the area around $60,000, where the existing horizontal support and ascending trendline converge, was identified as a key support zone. If this zone breaks, the possibility of further decline could increase, according to the outlet.

Among altcoins, Worldcoin led the rally. Following a 12% increase on the previous day, Worldcoin rose by approximately 7% today, testing the vicinity of its 50-day EMA at $0.4428 and 200-day EMA at $0.4755. If both moving averages are broken on a closing basis, a rebound to the 78.6% Fibonacci retracement level of $0.5640 is suggested. The RSI rose to 45, and the downward momentum of the MACD also slowed, indicating an easing of selling pressure. On the downside, $0.4048 was presented as the primary support level, and $0.2980 as an additional support zone.

Uniswap also traded above $3 after a 14% surge on the previous day. The price exceeded the 50-day EMA of $3.02 but has not yet broken through the 200-day EMA of $4.09. The Moving Average Convergence Divergence (MACD) showed a positive trend by crossing above its signal line, and the RSI recorded 62, suggesting that short-term buying dominance is being maintained. However, the media outlet added that if it falls back below $3.02, the recent upward trend could weaken, increasing the possibility of further correction.

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