Bitcoin's price action on June 30, ahead of its weekly, monthly, and quarterly close, exhibited uncommon moves, attracting attention from traders. BTC/USD reached intraday highs of $61,668 on Bitstamp, recovering from the previous day's dip below the key $60,000 mark. While uncertainty lingered about price support, significant bids appeared below spot price, with traders anticipating unusual weekend price action. Despite a 2.6% week-to-date decline, Michaël van de Poppe, founder of MNTrading, remained optimistic about Bitcoin's price performance, suggesting the correction was nearing its end. Despite these bullish sentiments, Q2 performance remained weak, with Bitcoin down 13.8%, with June accounting for 8.9% losses. Notably, one Bitcoin bull, BitQuant, admitted to being wrong about his prediction of BTC/USD reaching $95,000. However, he maintained his fundamental bullish outlook on Bitcoin, believing it would eventually climb to his target.
Key Points:
Bitcoin (BTC) price saw uncommon moves on June 30 ahead of its weekly, monthly, and quarterly close.
BTC/USD reached intraday highs of $61,668 on Bitstamp, recovering from a dip below the key $60,000 mark.
Significant bids appeared below spot price, indicating potential for unusual weekend price action.
Despite a 2.6% week-to-date decline, Michaël van de Poppe remains optimistic about Bitcoin's price performance.
Q2 performance remained weak, with Bitcoin down 13.8%, with June responsible for 8.9% losses.
Bitcoin bull BitQuant admitted to being wrong about his prediction of BTC/USD reaching $95,000, but maintains a fundamental bullish outlook on Bitcoin.
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