Bitcoin (BTC) The head in a major double candle is just close to inch from record – can bulls be under control?

• Bitcoin order-book liquidity games set platform for sudden value moves in the form of monthly and quarterly closes.

• The BTC/USD needs to be closed on June at $ 104,630 only to close its highest monthly.

• A cool week for American macro data focuses on Fed after Pavel’s testimony of Powel’s Congress.

• Bitcoin faces a “significant demand deficit” because the buyer power fails to match the distribution by long -term holders.

• Does bitcoin have only three months of bull market?

BTC price volatility ramps as “game” returns

On June 29, a time -time uptake put BTC/USD on track for its highest weekly shutdown on a record of above $ 109,000.

While it finally failed, a week -long trading range continues as June and Q2 Cointelegraph Market Pro And Tradingview Show.

At the time of writing on 30 June, BTC/USD had already discontinued the latest “gap” in the Bitcoin Futures Market of the CME Group during the weekend move.

$ BTC Below is opened with a small CME difference.

Keep an eye on this area as we have seen all the CME intervals in the beginning of the week in recent months. pic.twitter.com/qcxbugshuo

– Daan Crypto Trades (@Daancrypto) June 30, 2025

Analyzing the close coming at about $ 108,400 on the Bitstamp, the popular trader Tiranta attributed the last minute price to be responsible for a “hunter” algorithm trading bot.

“Sports are being played so far, but keeping a close watch on the flow,” he said briefly in one part of one. With post On X.

Those “Games,” as part of the oblique saw The functions of the algorithm pushed the market to a point where it had liquid the small position of $ 12 million BTC before starting its profit.

“The same unit pumped BTC 2 weeks ago, and BTC dumped one day after that day,” fellow trader Bitbul continued on the subject.

As Coincidence reportOrder book liquidity manipulation by large-borne traders has contributed to fakeouts of different prices in recent months.

A monthly off unlike someone else?

With a record -falling record height, two other candles now focus on BTC/USD.

June Monthly Close Q2 BTC will also decide the price performance, which currently envisages an impressive 30% profit.

Even June, despite finishing a rollercaster of headline-powered instability, is on track to eliminate “Green” per data from monitoring resources. Coalus,

Bitcoin traders are confident that this month can act for a strong return for a strong return as a springboard.

17 hours away from locking another record-breaking monthly bandh.

Last month broke the height of January – retained them this month, and once again pushed more.

July should be even better.#Bitcoin pic.twitter.com/uashi9vt5q

– Jelle (@cryptojellenl) June 30, 2025

To seal the highest monthly bandh of all time, BTC price action must be only $ 104,630, which will give bulls to about 2.9% dip.

The range of the instability of the final-minute can be decided by the exchange order-book liquidity in the meantime.

The monitoring of the resource material indicator notes the value of the proximity of both above and below both above the current levels.

“Ask liquidity focuses in $ 108k – $ 110K range, while bid liquidity is distributed up to $ 98k that can invite some instability in the next 24 – 48 hours,” Abbreviation On the X with a print of the binense order-book liquidity.

Material Indicator co-founder Keith Alan couple He “expects” another liquidity in the future grabbed the negative side, despite the possibility of a record candle being closed.

Nonform parole as market cements rate-cut bets

The Independence Day holiday shows that there is a cool week for American macroeconomic data.

Crypto and Risk-asset traders may stop for consideration as an unprecedented division between the Federal Reserve Policy and hang in political air.

While several fed officers and presidents are stable in their determination not to cut interest rates, US President Donald Trump has continued to openly criticize his decisions.

This includes Calling Powell is a “stupid person” in addition to claiming that the Fed is too late to start a fresh rate-cut cycle, Trump also encouraged rumors of Powell’s dismissal.

“For some time, we are well deployed to wait to learn more about the possible course of the economy before considering any adjustment of our policy stance,” Powell told Congress at the beginning of the testimony of two days last week.

While the markets see a very little chance of cuts in the next Federal Open Market Committee (FOMC) meeting at the end of July, the September gathering is now a decrease of 75% of the 0.25% decrease in the September gathering. Fedwatch tool,

As Coincidence reportFed Vice Chair Michael Boman for supervision indicated that if it would be open to the July cut if she allows data.

The main point of this week, meanwhile, comes in the form of nonform payroll data on 3 July.

“Important demand deficit”

Bitcoin long-term holders (LTS) are becoming a cause of concern as Q2 comes close.

Combined with new mining supply, recreation of passive coins, currently buying buyers, is removing demand from research warnings.

In its one “Accelerated“Blog Post on 29 June, Onchain Analytics platform cryptoctive, describing its words as a” important demand deficit “, did not copy its words.

The contributor Crazzyblockk wrote, “The flow of coins on the market from miners and benefits LTS is now more than new buyers.”

“It is the development of a recession for two reasons: it directly increases the supply ‘supply’, pressurizing down the price. Selling by LTS, often considered ‘smart money’, may indicate that experienced players believe that the market has reached a local top.”

Clear demand for cryptoctive, which reduces LTTH and new-torn coins from buyer’s pressure, is now negative on 30-day basis.

Last time negative clear demand was recorded as BTC/USD had emerged from USD Multimonous climb under $ 75,000 In April.

“As a result, the market is in a weak position. Any price rallies from here will struggle to overcome this wave of supply available, and the market support may be weaker than anticipated,” Cryptoctive concluded.

“While not a guarantee, this on-chant signal strongly suggests that the duration of caution is warrant until the clear signal of demand recovery shows.”

Time for bitcoin bull market

Bitcoin price action can be far several months away from the top of its next bull market.

Connected: Bitcoin ‘Satoshi-era’ miners sold only 150 BTC in 2025

The latest comments by popular merchant and analyst Reckty Capital include references to historical value cycle behavior, while arguing that the blow-off top may be closer than several beliefs.

“If Bitcoin is going to its peak according to the historic All India Radio Chakras in its bull market in September/October 2025 …” told Followers in one of many recent posts on this subject.

“It is only 2-3 months away.”

Rekt Capital said in 2024, BTC/USD hit the new all-time high before the schedule before the April Block Subsidy Halling event. History, however, determines that the cycle finally comes on time.

“In 2024, Bitcoin was experiencing acceleration in its cycle for 260 days, when it used to rally at a high level of all time before Hilling. Since then, Bitcoin has reduced that acceleration to 0,” he Ongoing,

“In fact, what if bitcoin is slowing down in your cycle?”

If there is a recession case, BTC/USD should thus be made for lost time with significant benefits and later return to the price search.

“It is true that the exploration of the first price of bitcoin has last longer longer than normal. But the bitcoin cycle goes to overrform and underporce in different stages,” the Racket Capital concluded.

“So when Bitcoin breaks down in a paralysis rally, it was probably brought by the ‘Cycle Extension’ BTC in the last several months.”

There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.