{"id":37757,"date":"2025-07-03T10:35:18","date_gmt":"2025-07-03T10:35:18","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=37757"},"modified":"2025-07-03T10:35:18","modified_gmt":"2025-07-03T10:35:18","slug":"bitcoin-hits-record-monthly-close-amid-weak-volume","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/bitcoin-hits-record-monthly-close-amid-weak-volume\/","title":{"rendered":"Bitcoin Hits Record Monthly Close Amid Weak Volume"},"content":{"rendered":"\n

As June comes to an end, Bitcoin has achieved a significant milestone, reaching an all-time high monthly close. Renowned cryptocurrency analyst Rekt Capital reports that this historic close indicates a strong bullish sentiment in the market. However, despite this bullish indicator, certain bearish elements pose risks to what would typically be a favorable market condition for Bitcoin.<\/p>\n

A Historic Breakout<\/h2>\n

With Bitcoin’s latest monthly close surpassing the $106,000 mark, the cryptocurrency is confirming a strategic bullish breakout. This indicates that market participants are confident, establishing a foothold above the crucial psychological threshold of $100,000.<\/p>\n

According to Rekt Capital\u2019s analysis, while the recent monthly close is promising, bullish traders must remain vigilant. The core issue lies in the low buying volume<\/strong>; for Bitcoin to sustain its upward trajectory, demand from buyers must strengthen significantly.<\/p>\n

<\/p>\n

Overall trading volume is still relatively subdued, which has resulted in Bitcoin experiencing a sideways trend. A significant movement in price necessitates an increase in trading volume; otherwise, there is a substantial risk of a downside correction.<\/p>\n

Looking at the data from Coinglass, we observe that Bitcoin’s daily trading volume plummeted by over 60% during the final week of June. Remarkably, daily volume peaked at $146 billion<\/strong> on June 23, shortly after experiencing a decline below the $102,000 threshold. However, as Bitcoin’s price climbed throughout the month, trading volume receded, culminating in a lower closing figure.<\/p>\n

\"Bitcoin<\/p>\n

By June 29, daily trading volume had dropped to as low as $22 billion before bouncing back to close at $44.7 billion at the end of the month. This pattern reveals a troubling trend: as Bitcoin’s price rises, trading volume has consistently declined, indicating a growing cautiousness among investors<\/strong> about price sustainability.<\/p>\n

If low trading volume persists, Rekt Capital still sees potential for a bullish scenario for Bitcoin. A logical initial step would be revisiting the high range around $102,000, aiming to attract additional buying liquidity for a subsequent bullish move. However, if that crucial support level fails to hold amid low volume, Bitcoin could face risks of falling to around $93,000.<\/p>\n

Should the buying volume rise at this high range, it could set the stage for a new upward trajectory. Given that Bitcoin is trading near its all-time highs, even a modest 10% price increase could catapult it to new records, particularly if the bullish sentiment manages to uphold support around the $102,000 mark.<\/p>\n

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

As June comes to an end, Bitcoin has achieved a significant milestone, reaching an all-time high monthly close. Renowned cryptocurrency analyst Rekt Capital reports that this historic close indicates a strong bullish sentiment in the market. However, despite this bullish indicator, certain bearish elements pose risks to what would typically be a favorable market condition […]<\/p>\n","protected":false},"author":14,"featured_media":37758,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Bitcoin Hits Record Monthly Close Amid Weak Volume - Bitrabo","description":"As June comes to an end, Bitcoin has achieved a significant milestone, reaching an all-time high monthly close. Renowned cryptocurrency analyst Rekt Capital rep"},"footnotes":""},"categories":[316],"tags":[1467,448,5986,1880,2946,2967,734],"class_list":["post-37757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bearish","tag-bitcoin","tag-close","tag-highest","tag-history","tag-monthly","tag-volume"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/37757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=37757"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/37757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/37758"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=37757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=37757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=37757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}