{"id":433151,"date":"2026-07-06T00:18:33","date_gmt":"2026-07-05T18:48:33","guid":{"rendered":"https:\/\/dripp.zone\/news\/can-bitcoin-price-action-avoid-another-absolutely-terrible-monday-at-63000-crypto-news\/"},"modified":"2026-07-06T01:14:23","modified_gmt":"2026-07-05T19:44:23","slug":"can-bitcoin-price-action-avoid-another-absolutely-terrible-monday-at-63000-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/can-bitcoin-price-action-avoid-another-absolutely-terrible-monday-at-63000-crypto-news\/","title":{"rendered":"Can Bitcoin Price Action Avoid Another &#8216;Absolutely Terrible&#8217; Monday at $63,000? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-testid=\"post__body\">\n<p>Bitcoin (BTC) consolidated near two-week highs into Sunday\u2019s weekly close as traders geared up for fresh market turbulence.<\/p>\n<p><strong>Key points:<\/strong><\/p>\n<ul class=\"list-bullet\">\n<li class=\"\" style=\"\" value=\"1\">Bitcoin approaches its highest levels in two weeks, but Mondays have been &#8220;terrible&#8221; for BTC price action, a trader warns.<\/li>\n<li class=\"\" style=\"\" value=\"2\">BTC\/USD is in the process of deciding the fate of its 200-week moving average.<\/li>\n<li class=\"\" style=\"\" value=\"3\">Crypto market analysis sees &#8220;greener shoots&#8221; on the back of the latest US macro data.<\/li>\n<\/ul>\n<h2>Trader: Past seven Mondays &#8220;absolutely terrible&#8221; for BTC price<\/h2>\n<p>Data from TradingView showed BTC\/USD focusing on $62,700, the site of a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-price-tags-623k-nine-day-high-after-global-stocks-hit-historic-record\"><span style=\"text-decoration: underline;\">key long-term trend line<\/span><\/a>, the 200-week simple moving average (SMA).<\/p>\n<figure><\/figure>\n<p style=\"text-align: center;\"><em>BTC\/USD four-hour chart with 200-week SMA. Source: Cointelegraph\/<\/em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow noopener\" target=\"_blank\"><em>TradingView<\/em><\/a><\/p>\n<p>Bulls managed a trip to $63,450 on Saturday amid thinner exchange order books and a three-day US holiday weekend.<\/p>\n<p>\u201cSeeing stronger passive supply here pressing price from above,\u201d commentator Exitpump wrote in their <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/exitpumpBTC\/status\/2073727767871369600\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">latest analysis<\/span><\/a> on X.<\/p>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hmdcobbwsaajrjd.jpeg\" width=\"896\" height=\"455\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hmdcobbwsaajrjd.jpeg\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>BTC order-book data. Source: Exitpump\/X<\/em><\/p>\n<p>Trader Daan Crypto Trades flagged short position liquidations as the price gained, with data from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/liquidations\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">CoinGlass<\/span><\/a> putting the 24-hour crypto total at $167 million.<\/p>\n<p>\u201cClassic short squeeze, price grinds higher into a level everyone&#8217;s shorting until forced covering does the rest,\u201d he <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/DaanCrypto\/status\/2073687730622488669\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">commented<\/span><\/a> on X.\u00a0<\/p>\n<blockquote><p>\u201cNow the question is whether $62.6K (Weekly 200MA) holds as support or if this was just liquidity getting cleared before rolling over again.\u201d<\/p><\/blockquote>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/screenshot-2026-07-05-at-184840.png\" width=\"896\" height=\"333\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/screenshot-2026-07-05-at-184840.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>BTC\/USD vs. crypto liquidation history (screenshot). Source: CoinGlass<\/em><\/p>\n<p>Fellow trader Killa had a word of warning, reiterating that the past seven Mondays had seen major price weakness.<\/p>\n<p>\u201c7\/7 Mondays have been absolutely terrible for $BTC,\u201d they told X followers.\u00a0<\/p>\n<blockquote><p>\u201cWill we repeat the exact same pattern next week?\u201d<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-dnt=\"true\"><p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/KillaXBT\/status\/2073785402029130236\"\/><\/p><\/blockquote>\n<h2>Bitcoin ETFs contribute to crypto&#8217;s &#8220;greener shoots&#8221;<\/h2>\n<p>In a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.qcpgroup.com\/insights\/qcp-market-colour-28\/\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">new analysis<\/span><\/a> published on Friday, trading company QCP Capital eyed potential tailwinds forming for crypto and risk assets.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/bollinger-bands-creator-eyes-bitcoin-bear-market-end-w-shaped-reversal\"><span style=\"text-decoration: underline;\"><em><strong>Bollinger Bands creator eyes Bitcoin bear-market end, &#8216;W&#8217;-shaped reversal<\/strong><\/em><\/span><\/a><\/p>\n<p>These included <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-ether-extend-relief-rallies-as-extreme-fear-meets-renewed-etf-buying\">renewed net inflows<\/a> to the US spot Bitcoin exchange-traded funds (ETFs).<\/p>\n<p>As <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-returns-to-62k\"><span style=\"text-decoration: underline;\">Cointelegraph reported<\/span><\/a>, last week\u2019s US nonfarm payrolls report came in below anticipated levels, sparking a softening in hawkish expectations of interest rate hikes by the Federal Reserve.<\/p>\n<p>\u201cThe clearest dovish tell was a 2% pop in gold, though that reads more as a real-rate and safe-haven hedge than growth conviction,\u201d it acknowledged.\u00a0<\/p>\n<blockquote><p>\u201cCrypto, though, is showing greener shoots: BTC spot ETFs snapped a six-session outflow streak to pull in $224mn on Thursday, their first positive print in over a week and an early sign that dip buyers are stepping back in after roughly $2.4bn of redemptions.\u201d<\/p><\/blockquote>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/screenshot-2026-07-05-at-184544.png\" width=\"896\" height=\"570\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/screenshot-2026-07-05-at-184544.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>Fed target rate probabilities for July 29 FOMC meeting (screenshot). Source: CME Group<\/em><\/p>\n<p>The latest data from CME Group\u2019s <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">FedWatch Tool<\/span><\/a> saw a near-80% chance of the Fed holding rates at current levels at its July 29 meeting.<\/p>\n<p>QCP added that before then, conducive Consumer Price Index (CPI) inflation data would be needed for \u201cbroader confirmation of a front-end dovish repricing.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) consolidated near two-week highs into Sunday\u2019s weekly close as traders geared up for fresh market turbulence. Key points: Bitcoin approaches its highest levels in two weeks, but Mondays have been &#8220;terrible&#8221; for BTC price action, a trader warns. BTC\/USD is in the process of deciding the fate of its 200-week moving average. Crypto [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":433155,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-433151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/433151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=433151"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/433151\/revisions"}],"predecessor-version":[{"id":433156,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/433151\/revisions\/433156"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/433155"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=433151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=433151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=433151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}