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

▲ Bitcoin (BTC)/AI generated image ©

As Bitcoin (BTC) recovers to the $61,000 level and begins a short-term rebound, Worldcoin (WLD) and Uniswap (UNI) are significantly outperforming market returns within a day, attracting investor interest. However, technical indicators suggest that major resistance levels still remain, and further confirmation is needed to determine if the upward trend will continue, according to analysis.

According to investment media 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 still 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 analyzed that this rebound is a result of bargain hunting around 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 the signal line, suggesting a possibility of a short-term rebound, but significant selling pressure at the upper levels was also noted.

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 the ascending trendline converge, was identified as a key support zone. If this zone breaks, the possibility of further declines could increase, the media diagnosed.

Among altcoins, Worldcoin led the bullish trend. Following a 12% rise the previous day, Worldcoin climbed 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 possible. The RSI rose to 45, and the downward momentum of the MACD 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 the previous day. The price surpassed its 50-day EMA of $3.02 but has not yet broken through its 200-day EMA of $4.09. The Moving Average Convergence Divergence showed a positive trend, breaking above its signal line, and the RSI recorded 62, indicating a short-term buying advantage. However, the media 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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