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Bitcoin Bounces Back Amid Tech Sell-Off

Guavy AI Editorial Team Published July 29, 2026

Instruments

BTC

Crypto markets have shown resilience in the face of the tech sell-off, with Bitcoin bouncing back to $64.3K after dipping below $63K.

This is not the first time this has happened - a week earlier, Bitcoin also recovered from a similar dip.

The current support level for Bitcoin is lower than it was in February-April, but overall market forces are still on the side of the bulls.

The price action suggests that large long-term investors are buying in, despite the sell-off in semiconductors.

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