{"id":35159,"date":"2026-07-22T11:41:45","date_gmt":"2026-07-22T11:41:45","guid":{"rendered":"https:\/\/bitunikey.com\/news\/can-bitcoin-price-break-67k-as-oil-and-tech-earnings-raise-risks\/"},"modified":"2026-07-22T11:41:58","modified_gmt":"2026-07-22T11:41:58","slug":"can-bitcoin-price-break-67k-as-oil-and-tech-earnings-raise-risks","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/can-bitcoin-price-break-67k-as-oil-and-tech-earnings-raise-risks\/","title":{"rendered":"Can Bitcoin price break $67K as oil and tech earnings raise risks?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin price has pulled back toward $65,700 after approaching $67,000, as caution before Alphabet\u2019s earnings and a sharp oil rally pushed traders away from risk assets.<\/p>\n<div id=\"cn-block-summary-block_4f9a2aee927f2a4adfdbb9d8ca2442cc\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin price pulled back below $66,000 as tech earnings uncertainty and rising oil prices weighed on sentiment.<\/li>\n<li>ETF inflows remained positive, while BTC faced a key market structure test near $66,950.<\/li>\n<li>Losing $64,992 could expose deeper support, while a breakout may trigger liquidations toward $68,000.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Bitcoin (BTC) price traded near $65,970 at press time, down about 1.5% on the daily chart after reaching an intraday high of $66,886. The retreat followed a multi-day recovery from the July low near $58,000, but traders remained reluctant to chase the move before major technology companies released quarterly results.<\/p>\n<p>U.S. stock futures edged lower on Wednesday as investors awaited results from Alphabet and Tesla. Alphabet faces particular scrutiny because Wall Street wants evidence that its heavy spending on artificial intelligence can produce durable returns. Analysts expect the company\u2019s annual capital expenditure to reach between $180 billion and $190 billion, according to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/legal\/transactional\/wall-st-futures-edge-lower-caution-builds-ahead-big-tech-earnings-2026-07-22\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"nofollow\">Reuters<\/a>.<\/p>\n<p>Semiconductor stocks have also experienced sharp swings over concerns that technology companies may curb AI infrastructure spending. Weakness in chipmakers could pressure the Nasdaq and drain demand for Bitcoin, which has retained a strong short-term correlation with high-growth equities during periods of market stress.<\/p>\n<p>Meanwhile, U.S. spot Bitcoin exchange-traded funds recorded $203.2 million in net inflows on July 21, according to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/farside.co.uk\/btc\/\" target=\"_blank\" rel=\"nofollow\">data<\/a> compiled by Farside Investors. BlackRock\u2019s IBIT led with $163.9 million, while Fidelity\u2019s FBTC added $23.1 million. The total fell from $226.8 million in the previous session, leaving institutional demand positive but insufficient to push BTC through the June high.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Bitcoin price needs a daily close above $67,000<\/h2>\n<p>Bitcoin\u2019s 4-hour chart places $66,950 at the top of the recovery range that began from the July 1 low of $57,799. Buyers briefly approached that boundary on Tuesday before profit-taking pulled the price back below $66,000.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Bitcoin price 4-hour chart \u2014 July 22 | Source: crypto.news<\/figcaption><\/figure>\n<p>A confirmed close above $66,950 would produce Bitcoin\u2019s first daily higher high since the May rally and could turn $67,000 into support. According to trader Daan Crypto Trades, a break above the June high would establish \u201ca daily bullish market structure break,\u201d opening the path toward higher levels.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> Getting close to the June highs at $67K.<\/p>\n<p>Breaking above that point would make for a daily bullish market structure break putting in a higher high.<\/p>\n<p>This is the first daily higher high since the push up in May <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/v9asbjcYOw\">pic.twitter.com\/v9asbjcYOw<\/a><\/p>\n<p>\u2014 Daan Crypto Trades (@DaanCrypto) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/DaanCrypto\/status\/2079860007512805789?ref_src=twsrc%5Etfw\">July 22, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The daily chart offers another constructive signal. BTC remains above the 20-day and 50-day simple moving averages at $64,065 and $63,135, respectively. Those averages now form the first dynamic support area, while the Chaikin Money Flow reading of 0.13 shows that capital inflows have exceeded outflows during the latest recovery.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1827\" height=\"954\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/07\/1784720505_0_Can-Bitcoin-price-break-67K-as-oil-and-tech-earnings.webp.webp\" alt=\"Bitcoin trades near $65,978 above its 20-day and 50-day moving averages, while positive CMF shows steady buying pressure.\" class=\"wp-image-14474108\"  ><figcaption class=\"wp-element-caption\">Bitcoin price daily chart \u2014 July 22 | Source: crypto.news<\/figcaption><\/figure>\n<p>Longer-term resistance remains much higher. Bitcoin trades below the 100-day SMA at $70,126 and the 200-day SMA at $72,730, which means the daily trend has not fully reversed. A sustained move above those averages would expose the $76,000 region and reduce the influence of the decline from May\u2019s peak near $82,000.<\/p>\n<p>Analyst Ted Pillows also <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/TedPillows\/status\/2079850959162032528\" target=\"_blank\" rel=\"nofollow\">noted<\/a> that Bitcoin\u2019s daily Supertrend has flipped from bearish to bullish. Comparing the setup with the previous signal, Pillows wrote:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cLast one pumped Bitcoin by almost 15% in 4 weeks. A similar pump means BTC will hit $76,000 by August.\u201d<\/p>\n<\/blockquote>\n<p>Momentum remains positive but has lost some strength after the rejection. The 4-hour relative strength index has dropped to 58.09 from above 60, keeping BTC out of overbought territory. MACD remains above its signal line, although the shrinking positive histogram shows that buyers have reduced the pace of accumulation.<\/p>\n<p>CoinGlass\u2019 three-day liquidation heatmap places the largest nearby short-liquidation pool around $67,300, with another dense band near $68,000. A move through $66,950 could force leveraged sellers to close positions and provide the momentum needed to test both zones. On the downside, long-liquidation clusters sit near $65,500, $64,700 and $64,300.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"4080\" height=\"2409\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/07\/1784720505_141_Can-Bitcoin-price-break-67K-as-oil-and-tech-earnings.webp.webp\" alt=\"Bitcoin trades near $66,000 between liquidation clusters around $65,500 and $67,300, with additional liquidity near $68,000.\" class=\"wp-image-14474109\"  ><figcaption class=\"wp-element-caption\">Bitcoin liquidation heatmap | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/pro\/futures\/LiquidationHeatMap?coin=BTC&amp;type=symbol\" target=\"_blank\" rel=\"nofollow\">CoinGlass<\/a><\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Oil and Federal Reserve risks threaten the recovery<\/h2>\n<p>WTI crude surged more than 4% to $87.99 on Wednesday, while Brent climbed above $94, after escalating U.S.-Iran tensions raised concerns about supply routes. President Donald Trump dismissed immediate negotiations with Tehran and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.aljazeera.com\/news\/2026\/7\/14\/what-is-irans-pickaxe-mountain-the-mystery-site-trump-warns-hell-attack\" target=\"_blank\" rel=\"nofollow\">threatened further action<\/a> against the suspected nuclear facility at Pickaxe Mountain. Houthi threats against shipping have added risks around the Red Sea and Bab el-Mandeb Strait.<\/p>\n<p>Higher energy costs could prolong inflation and restrict the Federal Reserve\u2019s ability to support markets. A July poll found that economists expect the Fed to hold its 3.50%\u20133.75% policy rate through 2026, though more respondents now see a high chance of an increase. Expensive oil and elevated Treasury yields would raise the hurdle for speculative assets such as Bitcoin.<\/p>\n<p>A 4-hour close below the 78.6% Fibonacci level at $64,992 would weaken the current recovery and expose $63,455, followed by $62,375. Losing the daily moving-average cluster near $63,100 would invalidate the immediate bullish setup and could return BTC to $61,295.<\/p>\n<p>For the upside case to remain intact, Bitcoin must defend $65,000 and close decisively above $66,950. Until then, oil prices, Alphabet\u2019s earnings, and leveraged positioning leave BTC vulnerable to another sweep of liquidity below the current range.<\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price has pulled back toward $65,700 after approaching $67,000, as caution before Alphabet\u2019s earnings and a sharp oil rally pushed traders away from risk assets. Summary Bitcoin price pulled&hellip;<\/p>\n","protected":false},"author":1,"featured_media":31404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-35159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/35159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=35159"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/35159\/revisions"}],"predecessor-version":[{"id":35160,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/35159\/revisions\/35160"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/31404"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=35159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=35159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=35159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}