Before Bitcoin's weekly, monthly, and quarterly closing, the price of BTC experiences unusual movements over a whole weekend.

On June 30, Bitcoin volatility increased as traders braced themselves for "interesting" price movements.

Bitcoin bids under $60,000.

As BTC/USD reached intraday highs of $61,668 on Bitstamp, data from Cointelegraph Markets Pro and TradingView tracked the pair.

The pair bounced back from the day before's local lows of $59,950, which represented a new decline below the crucial $60,000 barrier due to concerns about the stability of the BTC price.

With only hours remaining until the weekly, monthly, and quarterly candle close, bids were now showing up below the spot price.

Popular trader Daan Crypto Trades covered order book liquidity movements in a post on X (previously Twitter), stating that "$500M+ in bids were placed below price (but mostly pulled) and open interest going up."

I doubt we'll see the typical weekend price movement that was indicated. compared to the situation, quite a bit of activity. The quarter's end typically results in some intriguing moves.

The primary downside liquidity level, according to the most recent data from monitoring resource CoinGlass, was $60,583, with a cloud of bids extending toward $59,500.

As the price moved above $61,600 for the day, upside liquidity also increased.

The founder and CEO of trading company MNTrading, Michaël van de Poppe, expressed optimism about price performance despite the company's 2.6% weekly decline.

He informed X followers that "a pretty decent weekly candle for Bitcoin is approaching here."

"I anticipate that the adjustment will be largely completed. Prior cycles also did not yield the most glaring deep corrections.

An accompanying figure shows that in the beginning of May, the lowest point for Bitcoin/USD was $56,500.

Nonetheless, Q2's overall performance was still poor, with Bitcoin down 13.8% and losses of 8.9% in June.

A trader postpones a $95,000 Bitcoin wager.

Another Bitcoin bull lost his near-term price goal for BTC due to continued poor performance.

Related: 85% decline in Bitcoin withdrawals as miner sell pressure is "weakening"

Noticing that the result was no longer feasible, well-known trader BitQuant ended his prediction that the price of BTC/USD will soon reach $95,000.

"I was incorrect to forecast that Bitcoin would peak locally at $49K; in fact, it reached $48,955, not $49K. Since Bitcoin never reached $75K and instead reversed at $74,680, I was incorrect to call a local top at $75K in January. It only did so in March. He said, "I was wrong then, and I'm wrong now, predicting BTC at $95K."

However, BitQuant maintained that fundamentally, "nothing has changed" and that eventually, Bitcoin would reach its goal.