Return of 615K sparks intrigue in Bitcoins price with a captivating triple candle close

Bitcoin (BTC) is experiencing increased volatility on June 30th as traders anticipate interesting price movements. BTC/USD reached intraday highs of $61,668 on Bitstamp, recovering from local lows of $59,950 the day before, which dipped below the key $60,000 mark. Bids are now appearing below the spot price as the weekly, monthly, and quarterly candle close approaches. Daan Crypto Trades, a popular trader, noted that over $500 million in bids were placed below the price, although they were mostly pulled back. Open interest is also increasing. According to CoinGlass, $60,583 is the key downside liquidity level, with bids extending towards $59,500. Liquidity to the upside is also increasing as the price surpasses $61,600. Despite being down 2.6% for the week, Michaël van de Poppe, founder and CEO of MNTrading, remains optimistic about Bitcoin’s price performance. Q2 performance has been weak, with Bitcoin down 13.8%, and June alone responsible for 8.9% losses. BitQuant, a popular trader, has abandoned his near-term price target of $95,000 for BTC/USD due to ongoing sluggish performance. However, he believes that fundamentally, nothing has changed, and Bitcoin will eventually reach its target. This article does not provide investment advice, and readers should conduct their own research before making decisions.