Bitcoin sees new all-time highs in 3 countries as BTC price pokes $31K
Bitcoin (BTC) tapped $31,000 for a third time this year on June 25 as the weekly close promised volatility.
Data from Cointelegraph Markets Pro and TradingView showed BTC price movements focusing on yearly highs.
BTC price remained strong over the weekend, as attention focused on geopolitical events in Russia and surrounding states.
With tensions lessening on the day, curiosity over markets’ reactions at the June 26 open remained, with the weekly candle close — already a classic source of volatility — coming first.
In recent analysis, popular trader Rekt Capital put the “most bullish scenario” for the weekly as a close above the pivotal $30,000 mark.
#BTC has broken the multi-month downtrend (blue)But if $BTC performs a Weekly Close like this - a new downtrend may form (black)This could be the beginning of a new patternLots can change before JulyMost bullish scenario -> Weekly Close above ~$30,000#Crypto #Bitcoin pic.twitter.com/i9rdXCdymb
“BTC in mid-April rejected from $30,000 resistance. Let’s see if $BTC can turn $30,000 into support,” a further post added over the weekend.
Fellow trader Crypto Tony stayed hopeful for a trip to $32,000 next, should Bitcoin successfully consolidate near $31,000.
$BTC / $USD - Update If Bitcoin can consolidate around these highs at $31,000, then a burst up to $32,000 will be no problem I believe in the bulls pic.twitter.com/lOl7AQ6RIl
A slightly less confident Michaël van de Poppe, founder and CEO of trading firm Eight, called into question bulls’ ability to keep upside momentum going.
“Bitcoin made a nice high, through which it swept the yearly high,” he told Twitter followers.
Van de Poppe repeated a popular downside target among market participants eager to “buy the dip” below $30,000.
Despit
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