Bitcoin price reaches $61.5K as triple candle close sparks interest

Bitcoin Price Update

• Bitcoin price action sees uncommon moves for a weekend ahead of Bitcoin’s weekly, monthly, and quarterly close.
• Bitcoin bids at the ready below $60,000 with volatility on the rise.

On June 30, BTC price experienced increased volatility as traders anticipated interesting price movements. Data from various sources followed BTC/USD as it reached intraday highs of $61,668 on Bitstamp, recovering from lows of $59,950. Bids were placed below the price, with open interest increasing as the weekly, monthly, and quarterly candle close approached.

The latest data from monitoring resource CoinGlass showed $60,583 as the key downside liquidity level, with bids extending toward $59,500. Liquidity to the upside shifted higher as the price surpassed $61,600.

Despite being down 2.6% week-to-date, trader Michaël van de Poppe remained optimistic about Bitcoin’s price performance. Q2 performance overall remained weak, with Bitcoin down 13.8%, with June responsible for 8.9% losses.

Elsewhere, an ongoing sluggish performance led a Bitcoin bull to abandon his near-term BTC price target of $95,000, citing previous incorrect predictions but maintaining long-term bullish sentiment.

*This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.*