Bitcoin price will make history with $109K weekly, monthly close

Explore insights within the Altcoins house. This article dives into: “Bitcoin price will make history with $109K weekly, monthly close”.

Key factors:

• Bitcoin sees some weekend volatility as Hyperliquid’s infamous James Wynn flip-flops between quick and lengthy BTC.

• Short timeframes present bulls staying “in control” of BTC price motion.

• The weekly and monthly candle closes have an opportunity to grow to be Bitcoin’s highest ever.

Bitcoin (BTC) handed $108,500 into the June 29 weekly close as acquainted “whale games” mixed with bullish market construction.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

Bitcoin hits two-week highs as James Wynn returns

Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD gaining 1% on the day to close two-week highs.

“Out-of-hours” buying and selling situations meant that decrease liquidity allowed for extra risky market strikes on much less quantity.

News that now-infamous Hyperliquid dealer James Wynn had opened a $13.9 million BTC quick place thus sparked what gave the impression to be an try by different market members to liquidate it.

Wynn’s liquidation price was $108,630 on the time of writing, with Bitcoin inches from reaching that degree. Wynn closed his quick prematurely, flipping lengthy with round 60 BTC.

Bullish on $BTC?

James Wynn(@JamesWynnReal) has closed his quick and flipped lengthy on $BTC.

Aguila Trades(@AguilaTrades) is doubling down, growing his lengthy to 2,201 $BTC ($238M). pic.twitter.com/HB61RN0Gnv

— Lookonchain (@lookonchain) June 29, 2025

Elsewhere, chart evaluation noticed encouraging indicators that Bitcoin market energy would proceed.

“If you look at the 15-minute chart, the structure is bullish,” fashionable dealer Autumn Riley wrote in a part of 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.”

BTC/USDT 15-minute chart. Source: Autumn Riley/X

Fellow dealer BitBull, in the meantime, famous a golden cross taking part in out on Bitcoin’s Moving Average Convergence/Divergence (MACD) indicator — an indication that near-term price motion was outperforming.

“Another signal which shows that bulls are in control,” a part of an X put up on the subject 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/USD 1-day chart with MACD information. Source: BitBull/X

BTC price eyes report candle closes

Ahead of the weekly and monthly candle close, fashionable dealer and analyst Rekt Capital eyed a key price focal point subsequent.

Related: Bitcoin long-term holders stack 800K BTC per thirty days in report hodl run

Bitcoin, he argued this weekend, was on the cusp of creating history with the best weekly close 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.”

BTC/USD 1-week chart. Source: Rekt Capital/X

The present highest-ever weekly close lies simply above $109,000 on Bitstamp. The highest monthly close is decrease at round $104,630.

Earlier this week, Rekt Capital stated {that a} close above $102,400 could be sufficient to substantiate a “monthly range breakout.”

This article doesn’t include funding recommendation or suggestions. Every funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a choice.

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