Bitcoin's price has plummeted to a four-month low of $60,000, but cryptocurrency analyst CrypNuevo predicts a rebound to $67,000 by the end of July. In his "Sunday Update" on X, CrypNuevo shared his analysis, foreseeing a turbulent week ahead due to macroeconomic news.

CrypNuevo expects Bitcoin's price to respond to news related to the MiCa regulation in Europe and economic data from the United States, including non-farm payroll, unemployment rate, and FOMC minutes. He identified three key levels to watch in the next two to three weeks: $64,000, $59,000, and $67,000.

The analyst believes Bitcoin will first surge to $64,000, liquidating high-leverage short positions, then retrace to $59,285, filling 50% of the wick, and finally reach $67,000 after forming a potential accumulation range. CrypNuevo also pointed out two key liquidity areas: $62,500 to $63,500 in the short term and $67,100 in the mid-term.

Traders should closely monitor these levels and prepare for potential price swings. Despite short-term volatility, the overall trend suggests a bullish outlook for Bitcoin in the coming weeks. On Binance, three out of four BTC traders have opened long positions in the last 24 hours, indicating a bullish sentiment.

In conclusion, CrypNuevo's analysis suggests a bumpy road ahead for Bitcoin, but with a potential upside of $67,000 by the end of July. As the cryptocurrency market continues to evolve, traders and investors should stay vigilant and adapt to changing market conditions.