July 1 LOW

Bitcoin has often carved out major bear-market lows shortly after U.S. midterm elections, but the 2026 setup looks different. BTC’s July low and subsequent rebound suggest this cycle may be decoupling from the familiar post-election bottom pattern.

Bitcoin is attempting to extend a bullish technical breakout after a consolidation pattern that chart watchers identify as a bull flag. The main upside focus is the $85K to $95K region, while a close below $76,248 would weaken the impulsive Elliott Wave case.