{"id":47154,"date":"2025-07-04T13:31:14","date_gmt":"2025-07-04T13:31:14","guid":{"rendered":"https:\/\/crypto-globe.com\/?p=47154"},"modified":"2025-07-04T13:36:55","modified_gmt":"2025-07-04T13:36:55","slug":"bitcoin-is-heading-for-a-historic-weekly-and-monthly-close-above-109000","status":"publish","type":"post","link":"https:\/\/crypto-globe.com\/en\/bitcoin-is-heading-for-a-historic-weekly-and-monthly-close-above-109000\/","title":{"rendered":"Bitcoin is heading for a historic weekly and monthly close above $109,000"},"content":{"rendered":"\n

Bitcoin saw a sharp price surge over the weekend, breaking through the $109,000 mark. The market was dominated by volatility, triggered in part by the activity of well-known trader James Wynn.<\/strong><\/p>\n\n\n\n

Bitcoin breaks $109,000 and heads for record close<\/h2>\n\n\n\n

Bitcoin<\/a> closed the week at the end of June above USD 108,500. Breaking through key resistance and recording its highest monthly closing price ever. This momentum was supported not only by the activity of \u201cwhales,\u201d but also by low weekend liquidity. Which often allows for more significant price fluctuations.<\/p>\n\n\n\n

The weekend’s growth was also driven by news of trader James Wynne’s return to the Hyperliquid platform, where he opened a huge short position worth $13.9 million. The market reaction was not long in coming. Traders attempted to liquidate his position with aggressive purchases, triggering a sharp price jump. Wyn’s liquidation price<\/a> almost hit Bitcoin. Whereupon the trader reversed his strategy and entered a long position with the purchase of approximately 60 BTC.<\/p>\n\n\n\n

Technical signals confirm bullish momentum<\/h2>\n\n\n\n

More bullish signals are appearing on the market.<\/strong> Trader Autumn Riley pointed to a 15-minute chart showing a clear pattern of higher highs and lows, indicating growing buyer strength. Well-known analyst BitBull<\/a>. Meanwhile, pointed to the emergence of a so-called golden cross on the MACD indicator, which is often seen as confirmation of an upward trend reversal.<\/p>\n\n\n\n

Analyst Rekt Capital also pointed out that Bitcoin may be on the verge of a historic milestone \u2013 if it closes the weekly candle above the previous main resistance, it will be an unprecedented event. Historically high closing prices have been surpassed, and the market<\/a> may be in the early stages of a new bullish wave. This could attract new investors and push BTC to new all-time highs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin saw a sharp price surge over the weekend, breaking through the $109,000 mark. The market was dominated by volatility, triggered in part by the activity of well-known trader James Wynn. Bitcoin breaks $109,000 and heads for record close Bitcoin closed the week at the end of June above USD 108,500. Breaking through key resistance […]<\/p>\n","protected":false},"author":2,"featured_media":47147,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[162],"tags":[99,93],"class_list":["post-47154","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","tag-bitcoin-en","tag-cryptocurrencies"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t