Bitcoin Pulls Back After Record Monthly Close — What’s Next?
Bitcoin gave back some gains after hitting a record monthly close of around $107,200 in June. As of July 1, BTC trades near $106,175, down ~1% amid tech market weakness and profit-taking.
Why it happened:
- Profit-taking followed the record close, as traders booked gains
- Tech stocks like Nvidia and Tesla also slid, weighing on crypto
- Altcoins saw steeper drops — SOL, ADA, and AVAX each dropped 5–6%
What to watch:
- Analysts suggest this is a healthy consolidation after strong June performance
- Key support levels to monitor: $104K–$105K zone
- If BTC dips further, it may test $100K, especially if macro sentiment stays weak
🖋️ By Helene Braun | Edited by Stephen Alpher, coindesk
Bitcoin price chart (Messari)
📅 July 2, 2025
#Bitcoin #btcupdates #ProfitTaking #CryptoMarkets #BinanceSquare