Was sub-$60K a bear trap? 5 things to know in Bitcoin this week

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Was sub-$60K a bear trap? 5 things to know in Bitcoin this week
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Bitcoin faces an uphill struggle to reclaim key BTC price support trendlines after the Q2 close.

Bitcoin teases a return of the bull market as the monthly and quarterly close save BTC price action from a major trend loss.BTC price strength is tentatively returning as the combined weekly, monthly and quarterly sees $60,000 support remain in place.

Macroeconomic data will add to the overall volatility odds this week, with plenty of United States unemployment data on the cards in addition to inflation cues from senior Federal Reserve officials. “Failure to move above it, could mean another retest of the lows before BTC can return to ATH territory,” he wrote in part of his

“Looking at seasonality, BTC has a median return of 9.6% in July and tends to bounce back strongly especially after a negative June ,” it wrote in part of its latest bulletin to Telegram channel subscribers.

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