4 hours ago
Bitcoin play volatility gets a precocious boost acknowledgment to a acquainted root with the cardinal $109,000 BTC terms closing level wrong casual reach.
Key points:
Bitcoin sees immoderate play volatility arsenic Hyperliquid’s notorious James Wynn flip-flops betwixt abbreviated and agelong BTC.
Short timeframes amusement bulls staying “in control” of BTC terms action.
The play and monthly candle closes person a accidental to go Bitcoin’s highest ever.
Bitcoin (BTC) passed $108,500 into the June 29 play adjacent arsenic acquainted “whale games” combined with bullish marketplace structure.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Bitcoin hits two-week highs arsenic James Wynn returns
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 1% connected the time to adjacent two-week highs.
“Out-of-hours” trading conditions meant that little liquidity allowed for much volatile marketplace moves connected little volume.
News that now-infamous Hyperliquid trader James Wynn had opened a $13.9 cardinal BTC abbreviated presumption frankincense sparked what appeared to beryllium an effort by different marketplace participants to liquidate it.
Wynn’s liquidation terms was $108,630 astatine the clip of writing, with Bitcoin inches from reaching that level. Wynn closed his abbreviated prematurely, flipping agelong with astir 60 BTC.
— Lookonchain (@lookonchain) June 29, 2025Elsewhere, illustration investigation saw encouraging signs that Bitcoin marketplace spot would continue.
“If you look astatine the 15-minute chart, the operation is bullish,” fashionable trader Autumn Riley wrote successful portion of ongoing commentary connected X.
“Every clip terms sweeps a high, it reacts down but keeps making higher lows. The unit from sellers is fading slowly.”
BTC/USDT 15-minute chart. Source: Autumn Riley/XFellow trader BitBull, meanwhile, noted a aureate transverse playing retired connected Bitcoin’s Moving Average Convergence/Divergence (MACD) indicator — a motion that near-term terms enactment was outperforming.
“Another awesome which shows that bulls are successful control,” portion of an X post connected the taxable reported.
“Right now, we are successful a debased liquidity play truthful don't expect large movements. Once the marketplace opens tomorrow, I'm definite the volatility volition footwear successful and it'll astir apt beryllium to the upside.”
BTC/USD 1-day illustration with MACD data. Source: BitBull/XBTC terms eyes grounds candle closes
Ahead of the play and monthly candle close, fashionable trader and expert Rekt Capital eyed a cardinal terms constituent of involvement next.
Related: Bitcoin semipermanent holders stack 800K BTC per period successful grounds hodl run
Bitcoin, helium argued this weekend, was connected the cusp of making past with the highest play adjacent ever.
“Can Bitcoin Weekly Close supra the last large Weekly resistance?” helium queried.
“Bitcoin has ne'er performed specified a Weekly Close. Therefore successful doing so, that would not lone beryllium historic, but it would alteration Bitcoin to bask a caller uptrend into caller All Time Highs.”
BTC/USD 1-week chart. Source: Rekt Capital/XThe existent highest-ever play adjacent lies conscionable supra $109,000 connected Bitstamp. The highest monthly adjacent is little at astir $104,630.
Earlier this week, Rekt Capital said that a close supra $102,400 would beryllium capable to corroborate a “monthly scope breakout.”
This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.
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