Key factors:
-
Bitcoin sees some weekend volatility as Hyperliquid’s infamous James Wynn flip-flops between brief and lengthy BTC.
-
Brief timeframes present bulls staying “in management” of BTC value motion.
-
The weekly and month-to-month candle closes have an opportunity to turn out to be Bitcoin’s highest ever.
Bitcoin (BTC) handed $108,500 into the June 29 weekly shut as acquainted “whale video games” mixed with bullish market construction.
Bitcoin hits two-week highs as James Wynn returns
Information from Cointelegraph Markets Professional and TradingView confirmed BTC/USD gaining 1% on the day to close two-week highs.
“Out-of-hours” buying and selling situations meant that decrease liquidity allowed for extra risky market strikes on much less quantity.
Information that now-infamous Hyperliquid dealer James Wynn had opened a $13.9 million BTC brief place thus sparked what gave the impression to be an try by different market individuals to liquidate it.
Wynn’s liquidation value was $108,630 on the time of writing, with Bitcoin inches from reaching that degree. Wynn closed his brief prematurely, flipping lengthy with round 60 BTC.
Bullish on $BTC?
James Wynn(@JamesWynnReal) has closed his brief and flipped lengthy on $BTC.
Aguila Trades(@AguilaTrades) is doubling down, rising his lengthy to 2,201 $BTC ($238M).https://t.co/FX6sISWuDPhttps://t.co/1Aq6gywbqf pic.twitter.com/HB61RN0Gnv
— Lookonchain (@lookonchain) June 29, 2025
Elsewhere, chart evaluation noticed encouraging indicators that Bitcoin market power would proceed.
“For those who have a look at the 15-minute chart, the construction is bullish,” standard dealer Autumn Riley wrote in a part of ongoing commentary on X.
“Each time value sweeps a excessive, it reacts down however retains making increased lows. The strain from sellers is fading slowly.”
Fellow dealer BitBull, in the meantime, famous a golden cross taking part in out on Bitcoin’s Transferring Common Convergence/Divergence (MACD) indicator — an indication that near-term value motion was outperforming.
“One other sign which reveals that bulls are in management,” a part of an X submit on the subject reported.
“Proper now, we’re in a low liquidity weekend so do not count on large actions. As soon as the market opens tomorrow, I am certain the volatility will kick in and it will most certainly be to the upside.”
BTC value eyes file candle closes
Forward of the weekly and month-to-month candle shut, standard dealer and analyst Rekt Capital eyed a key value focal point subsequent.
Associated: Bitcoin long-term holders stack 800K BTC monthly in file hodl run
Bitcoin, he argued this weekend, was on the cusp of constructing historical past with the best weekly shut ever.
“Can Bitcoin Weekly Shut above the ultimate main Weekly resistance?” he queried.
“Bitcoin has by no means carried out such a Weekly Shut. Subsequently in doing so, that may not solely be historic, however it could allow Bitcoin to get pleasure from a brand new uptrend into new All Time Highs.”
The present highest-ever weekly shut lies simply above $109,000 on Bitstamp. The best month-to-month shut is decrease at round $104,630.
Earlier this week, Rekt Capital stated {that a} shut above $102,400 can be sufficient to substantiate a “month-to-month vary breakout.”
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a choice.