CryptoIntelligence 2024-07-02 01:22:00

Bitcoin Volatility Peaks on June 30 as Traders Anticipate Significant Price Moves

Bitcoin Volatility Peaks on June 30 as Traders Anticipate Significant Price Moves

Bitcoin‘s volatility surged on June 30, with traders anticipating significant price movements. According to data from Cointelegraph Markets Pro and TradingView, BTC/USD reached highs of $61,668 on Bitstamp, rebounding from lows of $59,950 the previous day, dipping below the crucial $60,000 mark. This volatility raised concerns about the support for BTC prices. “With bids under spot price and the candle close imminent, $500M+ in bids were briefly placed and open interest rose,” noted Daan Crypto Trades on X, highlighting shifts in order book liquidity. He predicted unusual weekend price action due to the quarter-end, foreseeing “interesting moves” typical of this

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