{"id":35005,"date":"2025-07-03T10:31:37","date_gmt":"2025-07-03T10:31:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35005"},"modified":"2025-07-03T10:31:37","modified_gmt":"2025-07-03T10:31:37","slug":"bitcoin-makes-history-with-highest-monthly-close-but-volume-is-still-bearish","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35005","title":{"rendered":"Bitcoin Makes History With Highest Monthly Close, But Volume Is Still Bearish"},"content":{"rendered":"
\n

With the month of June having drawn to a close, Bitcoin has now managed to set a new record. According to a report by well-known crypto analyst Rekt Capital, the month saw Bitcoin complete its highest monthly close ever in the history of the cryptocurrency. However, while this would usually be a rather bullish development for the digital asset<\/a>, there are still some bearish factors that continue to threaten what should otherwise be a bull market.<\/p>\n

The Breakout Confirmation Of The Year<\/h2>\n

The Bitcoin price, completing the month of June with the highest monthly close ever, has\u00a0led to a bullish confirmation for the price<\/a>.\u00a0This close above the $106,000 level suggests that bulls have now pitched their tents above the psychological level of $100,000.<\/p>\n

Rekt Capital explains<\/a> that while this monthly close has confirmed a breakout, there is still some work for bulls. The main thing here is the fact that buy-side volume remains low, and if the Bitcoin price is to completely break out from here, then the buyers would have to step up their game<\/p>\n

\"Bitcoin<\/p>\n

Volume in general remains muted, which would explain why the BTC price has continued to trade in a sideways movement<\/a>. Therefore, for there to be any major move in price, the Bitcoin volume would have to start moving or risk a crash from here.<\/p>\n

To put this in perspective, data from the Coinglass website shows<\/a> that the BTC daily trading volume had fallen by more than 60% in the last week of June. The month had peaked as high as $146 billion on June 23<\/a> after the crash below $102,000. However, as the price rose, volume dropped, leading to a low close.<\/p>\n

\"Bitcoin<\/p>\n

By June 29, the daily trading volume had fallen as low as $22 billion, before rising the next day to close out June 30 at $44.7 billion. With this has emerged a worrying correlation, showing that as the price has increased, volume has dropped, suggesting that investors are becoming more and more wary<\/a> the higher the Bitcoin price goes.<\/p>\n

If this low volume continues, Rekt Capital does see some bullish moves in Bitcoin\u2019s future. The first would be a retest of the range high above $102,000 in order to capture more buy-side liquidity for another push. However, if this level doesn\u2019t hold and volume fails to pick up buy-wise, then there is still the risk of losing support and falling toward $93,000.<\/p>\n

In the event of buy-side volume rising at the range high<\/a>, then there is the possibility of an upshoot. With the Bitcoin price sitting so close to all-time highs, a 10% move would put it at new peaks, especially if the bulls emerge to defend the $102,000 support.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

With the month of June having drawn to a close, Bitcoin has now managed to set a new record. According to a report by well-known crypto analyst Rekt Capital, the month saw Bitcoin complete its highest monthly close ever in the history of the cryptocurrency. However, while this would usually be a rather bullish development […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35005","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35005"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35005\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}