Bitcoin price volatility makes a record weekly, monthly close possible

Important points

• Bitcoin is experiencing some volatility this weekend, as Hyperliquid’s James Wynn switches between shorting and buying BTC.

• The bulls are staying for a short time. “in control” BTC’s price movement.

• Bitcoin could reach its highest level ever if the weekly or monthly candle closes.

BitcoinBTCThe weekly close on the 29th of June was a familiar $108,500 “whale games” Combining bullish market structures.

Bitcoin’s two-week peak as James Wynn is back

Data from Cointelegraph Markets Pro You can also find out more about the following: TradingView BTC/USD gained 1% in the last day, reaching near-two-week highs.

“Out-of-hours” Trading conditions means that less liquidity allows for a more volatile market on fewer volumes.

News now-infamous James Wynn, a hyperliquid trader who specializes in shorting BTC for $13.9 million opened the position and triggered what seemed to be a bid by market participants to close it.

Wynn’s liquidation was at $108,630 when we wrote this, and Bitcoin is inches away from hitting that price. Wynn prematurely closed his short, flipping to long around 60 BTC.

Bullish on $BTC?

James Wynn(@JamesWynnReal( ) has closed and flipped his long. $BTC.

Aguila Trades(@AguilaTrades( ) has doubled down on his bet, increasing the length of his long from 2,201 $BTC ($238M).https://t.co/FX6sISWuDPhttps://t.co/1Aq6gywbqf pic.twitter.com/HB61RN0Gnv

— Lookonchain (@lookonchain) June 29, 2025

Other chart analyses showed that the strength of Bitcoin would continue.

“If you look at the 15-minute chart, the structure is bullish,” Autumn Riley, a popular trader wrote in part: ongoing commentary On X. 

“Every time price sweeps a high, it reacts down but keeps making higher lows. The pressure from sellers is fading slowly.”

Fellow trader BitBull, meanwhile, noted a golden cross playing out on Bitcoin’s Moving Average Convergence/Divergence (MACD) indicator — a sign that near-term price action was outperforming.

“Another signal which shows that bulls are in control,” A part of an X post The topic is reported. 

“Right now, we are in a low liquidity weekend so don’t expect big movements. Once the market opens tomorrow, I’m sure the volatility will kick in and it’ll most likely be to the upside.”

BTC price eyes record candle closes

Rekt Capital is a well-known trader and market analyst who has spent years analyzing the markets.

Related: Bitcoin long-term holders stack 800K BTC per month in record hodl run

Bitcoin was about to make history, according to his argument this weekend. It would be the biggest weekly closing ever.

“Can Bitcoin Weekly Close above the final major Weekly resistance?” He queried.

“Bitcoin has never performed such a Weekly Close. Therefore in doing so, that would not only be historic, but it would enable Bitcoin to enjoy a new uptrend into new All Time Highs.”

Bitstamp has the highest ever weekly close at just under $109,000. The highest month close is below at around $104,630.

Rekt Capital announced earlier in the week that it had a close above $102,400 It would suffice to confirm that a “monthly range breakout.”

This article contains no investment recommendations or advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making any kind of investment.