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Bitcoin price volatility makes a record weekly, monthly closely possible


Basic Points:

  • Bitcoin sees some volatility on the weekend as Hyperliquid’s prominent James Wynn Flip-flops between the short and long BTC.

  • Short timeframes show bulls that remain “in control” of BTC price action.

  • The weekly and monthly candles closed has the opportunity to be the highest bitcoin.

Bitcoin (Btc) passed $ 108,500 on June 29 weekly closely as familiar “whale games” accompanied by the Bullish Market structure.

BTC/USD 1-Hour chart. Source: Cointelegraph/TradingView

Bitcoin hits two weeks highs as James Wynn returns

Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD getting 1% on a day near two weeks high.

Trade conditions in “out-of-hour” mean that lower liquidity is allowed for more volatile markets that move in less quantities.

News already Now-ugly Hyperliquid Traders James Wynn has opened a $ 13.9 million short position by the BTC so that the other market participants’ attempt to liquid has appeared to liquid it.

Wynn’s extermination price was $ 108,630 at the time of writing, with Bitcoin inches from reaching that level. Wynn closed her short prematurely, flipping long around 60 BTC.

Everywhere, the chart examination detects encouraging signs that the Bitcoin market will continue strength.

“If you look at the 15-minute chart, the structure is bullish,” the famous businessman Autumn wrote in part of Continued commentary In X.

“Each time the price sweeps a high, it reacts but continues to produce higher lows. The pressure from the seller is fading slowly.”

BTC/USDT 15-minute chart. Source: Autumn Riley/x

Meanwhile, fellow businessman Bitbull, noted a Golden Cross playing with the transfer of the average average convergence/variation (MACD) indicator-a sign that close action action is unchanged.

“Another signal showing that the bulls are in control,” part of a X post on the subject reported.

“Right now, it’s on the low weekend of liquidity so don’t expect big movements. When the market opens tomorrow, I’m sure the volatility will be kicking and it’s likely to be upside down.”

BTC/USD 1-day chart with MACD data. Source: Bitbull/x

Btc price of eyes that recording candle closes

Leading the weekly and monthly candles nearby, the popular businessman and analyst rectual capital has increased a major point of interest to the next.

Related: The Bitcoin Long-Term Holders Stack 800k BTC per month on Record Hodl Run

Bitcoin, he argued this weekend, was in the cusp of making history with the highest weekly close.

“Can Bitcoin be weekly in the final final weekly resistance?” She is Queried.

“Bitcoin has not yet performed a weekly close. Therefore doing so, it will not only be historic, but it will enable Bitcoin to enjoy a new revolt during the new highs of highs.”

BTC/USD 1-week chart. Source: Rek Capital/X.

The current highest weekly close is just above $ 109,000 in Bitstamp. The highest monthly close is less around $ 104,630.

Earlier this week, Rect Capital said that a Close above $ 102,400 is sufficient to confirm a “monthly breakout range.”

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.