“Bitcoin is experiencing a surge in volatility,” experts stated on June 30. According to CoinMarketCap data, Bitcoin reached a high of $63,712 in the last 24 hours. This occurred after BTC reclaimed the important $60,000 level, gaining 4.19% from $60,630 on June 30.

“A pretty decent weekly candle for Bitcoin is approaching,” noted Michaël van de Poppe, founder and CEO of trading firm MNTrading. According to him, the correction phase might be nearing its end. “I expect the correction to be relatively over. We didn’t get the most obvious deep corrections in previous cycles either,” he added. Van de Poppe’s analysis pointed to a bottom for BTC/USD around $56,500 in early May.

“I was wrong calling a local top at $75K in January,” acknowledged trader BitQuant. According to him, BTC never reached $75K, reversing at $74,680, and only reached this level in March. “I was wrong then and I’m wrong now predicting BTC at $95K,” he admitted. Despite these mistakes, BitQuant remains confident that Bitcoin will eventually reach his target price.