• Bitcoin (BTC/USD) worked to remain above the 30000 figure early in the Asian session.
• BTC/USD notched a June gain of approximately 11.9% and is now up approximately 83.5% year-to-date.
• Technicians are closely watching to see how much technical support develops around the 28095.44 area, representing the 23.6% retracement of the historical depreciating range from 69000 to 15460 .

BTC/USD Price Activity

Bitcoin (BTC/USD) worked to remain above the 30000 figure early in the Asian session as the pair encountered month-ending volatility that saw a rapid depreciation to the 29417.14 area, representing a test of the 38.2% retracement of the appreciating range from 26165.98 to 31443.67 . This quick downward move took place shortly after BTC/USD spiked higher to the 30277 area, its strongest print in several trading sessions, and opens up a possible test of the 28604.83 area.

Performance Metrics

BTC/USD notched a June gain of approximately 11.9%, and is now up approximately 83.5% year-to-date . The pair’s recent print around the 31443.67 area was a twelve-month high and test of an upside price objective associated with buying pressure that strengthened around the 26637.41 area . Additional upside price objectives include 31737 , 32125 , and 33569 areas . Stops are cited above additional upside price objectives around 31674 , 32043 , 34531 , and 34658 areas . Following recent selling pressure, areas of potential technical support and buying pressure include 29863 , 29427 , 28886 , 28804 , 28182 , 28096 , and 27306 areas . Stops were also recently triggered above additional upside price objectives around 29068 , 29159, 29458, 30088, 30200, 30292, and 30477 levels .

Technical Support & Resistance Levels

Technicians are closely watching to see how much technical support develops around 28095