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Bitcoin analysts are gearing up for a break toward the $30,000 mark, but what will BTC price action offer in the coming days? 3568 Total views 22 Total shares Listen to article 0:00 Markets News Join us on social networksBitcoin (BTC) starts the second week of June in familiar territory, but a breakout is coming, investors say.

After a calm weekly close, BTC/USD is firmly in its established trading range, while under the hood, market participants are preparing for some dramatic shifts.

It has been a long time coming, and for seasoned traders, the signs are increasingly pointing to volatility making a comeback.

There is little by way of macroeconomic triggers due this week, making the focus shift elsewhere for cues as to what BTC price action might do in the short term.

The on-chain analysis provides other interesting insights, reinforcing the idea that for Bitcoin currently, the only boring part is the spot price.

Cointelegraph looks at the key factors at play as BTC/USD hovers around $27,000 for another week.Weekly close preserves key trend line

BTC/USD may not have inspired with its latest weekly close, but some popular traders are seeing new grounds for optimism.

Despite remaining firmly in its narrow trading range, as confirmed by Cointelegraph Markets Pro and TradingView,the chances of a breakout toward $30,000 are increasing.BTC/USD 1-day candle chart on Bitstamp. Source: TradingView

Feels like its a matter of time until Bitcoin finally breaks that 30k level once and for all, trader Jelle wrote in part of his latest analysis.

Jelle, like others, noted that the 200-week moving average (MA) a key support line remained intact.BTC/USD annotated chart. Source: Jelle/ Twitter

Also intact were various support structures on trader and analyst Rekt Capitals radar covering daily timeframes.

So far, so good, he summarized, about an exit higher, potentially invalidating a bearish head-and-shoulders structure from the previous weeks.

#BTC successfully retesting not just the top of the red downtrending channel but also the bottom of the red box

So far, so good$BTC #Crypto #bitcoin https://t.co/a0VCL61Qvm pic.twitter.com/V7SnIMlpJZ— Rekt Capital (@rektcapital) June 4, 2023

An additional tweet mentioned a successful retest of support in the offing.

BTC broke down from a head and shoulders pattern in May. But theres classic whipsaw action around the neckline, trading account Game of Trades nonetheless acknowledged. The pattern remains valid unless the price moves above the right shoulder.

An accompanying chart gave a potential downside target of just $24,000 for BTC/USD due to the head-and-shoulders pattern.

Others looked for less movement, such as trader Crypto Tony, who eyed $25,300 as a possible destination, subject to $28,350 staying unflipped as resistance.

$BTC / $USD – June / July plan

So right now we are consolidating following the drop from the 14th April high. I am looking for

– $25,300 target to look for longs
– Must remain below $28,350 for the downside target
– Combo corrective pattern

I will update daily as always pic.twitter.com/Q93mr4hjGH— Crypto Tony (@CryptoTony__) June 4, 2023 Macro lull comes as traders eye dollar rebound

In an unusual week of calm for traders, June 59 will see little by way of macroeconomic data coming out of the United States.

With the debt ceiling debacle left behind, the next potential volatility catalysts will come in the form of macro reports for May, such as the Consumer Price Index (CPI) print; however, these are not due for another week.

With that, attention is focusing on oil production cuts from Opec+ members as prices continue to fall despite existing reductions in output.U.S. Dollar Index 1-day candle chart. Source: TradingView

Meanwhile, a more direct potential headwind for Bitcoin and crypto comes in the form of the U.S. dollar.

The strength of the greenback has been forming a rebound since the start of May, and since then, the U.S. Dollar Index (DXY) traditionally inversely correlated with risk assets has gained around 3.5%.

Popular analyst Matthew Hyland noted increasing relative strength index (RSI) scores for DXY on weekly timeframes.

DXY Weekly opens: pic.twitter.com/nRIGyKm4tl— Matthew Hyland (@MatthewHyland_) June 4, 2023

Fellow trader Skew flagged 104.7%, the current June high, as a critical level to close above to form a bullish DXY trend.

Strong close & moving higher in early EU trading session, he commented on the day. If USD closes above $104.7, I would consider that as USD strength. So far this looks risk off but we see later on.

$DXY 1D
Strong close & moving higher in early EU trading session.

if USD closes above $104.7, I would consider that as USD strength.

So far this looks risk off but we see later on. https://t.co/F28baIv2JV pic.twitter.com/3SLDs5wtos— Skew ? (@52kskew) June 5, 2023

Over the weekend, meanwhile, TraderSZ described DXY as bullish until proven otherwise.Stocks buoy bullish crypto case

The debt ceiling resolution had an immediate cathartic effect on equities, but crypto markets have broadly failed to copy their enthusiasm.

This may still change, market participants argue, as the S&P 500 hits 10-month highs.

The US House has passed a key debt ceiling deal, launching the #SP500 to its highest price since August. Altcoins like $LTC, $LEO, and $FGC have jumped today, research firm Santiment wrote on June 2.With crypto lagging behind equities, there could be some $BTC catch-up time coming soon.Crypto vs. macro comparison. Source: Santiment/ Twitter

An accompanying chart also tracked a rebound for gold, this nonetheless short-lived, with a retracement setting in to mark the new week.

As Cointelegraph reported, others were also eyeing a positive correlation between Bitcoin and a resurgent S&P 500.Bitcoin hodlers comfortably in profit

Its easy to feel that the Bitcoin rally is over, but the facts say its not, popular technical analyst CryptoCon wrote in findings last month.

At the time, BTC/USD was almost $1,000 higher than current levels, but enthusiasm was just as lacking.

CryptoCon was analyzing the state of Bitcoin holder profitability, using the net unrealized profit/loss (NUPL) metric created in 2019 by entrepreneur and analyst Tuur Demeester and others.

For the past several months, NUPL has stayed practically stationary around a value of 0.25, indicating that overall, the BTC supply is modestly in the black.

NUPL measures the difference between unrealized profit and unrealized loss. It is calculated by gathering unspent transaction outputs (UTXOs) and comparing how much coins are worth now with when they last moved on-chain.

Any value above zero indicates that the network is in a state of net profit, while values below zero indicate a state of net loss. In general, the further NUPL deviates from zero, the closer the market trends towards tops and bottoms, analytics firm Glassnode explainedin an introduction.

While calm in recent months, NUPL has delivered an uptrend retest, which is cause for confidence, CryptoCon now says.

31k was not the end, hope youre ready! he concluded in an update this weekend.

An accompanying chart of NUPL showed its behavior versus investor sentiment at various stages over the past 10 years.

#Bitcoin has seen a lot of sideways price action recently, but during that time two very important things have happened on the NUPL:

– Retest of trend
– Support made on Hope / Fear sector

The next step, a leap to the belief/denial range

31k was not the end, hope you're ready! pic.twitter.com/yi1GMO1hri— CryptoCon (@CryptoCon_) June 4, 2023 Largest Bitcoin whales at center of dichotomy

On the topic of investor sentiment, the current view of the market varies heavily between classes of hodlers.

Related:Bitcoin big move due in July after March $30K push Latest analysis

As noted by Glassnode, most remain risk-off on Bitcoin; since May, selling has dominated despite the lack of capitulatory events.

The one excepion, it appears, is the largest class of Bitcoin whales.

Uploading a chart of accumulation versus distribution adjusted by cohort, Glassnode showed that wallets holding at least 10,000 BTC are adding to their positions while everyone else is reducing exposure.

An interesting dichotomy across the Bitcoin Accumulation Trend Score persists, as the largest of Whales (>10K BTC) continue to aggressively accumulate, whilst all other major cohorts experience heavy distribution, researchers commented.

The last accumulation phase from these mega whales was in late 2022, with BTC/USD beginning its 2023 rebound weeks later.

The whales then paused in mid-January, entering a distribution phase of their own before flipping back to accumulation in May.Bitcoin trend accumulation score by cohort chart. Source: Glassnode/ Twitter

Magazine:Home loans using crypto as collateral: Do the risks outweigh the reward?

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. # Bitcoin # Dollar # Bitcoin Price # Markets # Inflation

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Jon Ruben remanded into custody on child cruelty charges after children fell ill at summer camp

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August 2, 2025

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Jon Ruben remanded into custody on child cruelty charges after children fell ill at summer camp

A man has been remanded into custody charged with child cruelty offences after allegedly lacing sweets with sedatives.

Jon Ruben, 76, of Ruddington, Nottinghamshire, appeared at Leicester Magistrates’ Court on Saturday after youngsters fell ill at a summer camp in Stathern, Leicestershire.

He has been charged with three counts of wilfully assaulting, ill-treating, neglecting, abandoning or exposing children in a manner likely to cause them unnecessary suffering or injury to health.

The charges relate to three boys at the camp between 25-29 July.

A general view of the scene in Stathern, Leicestershire, after a 76-year-old man was arrested on suspicion of administering poison at a summ
Image:
The scene in Stathern, Leicestershire. Pic: PA

Ruben spoke only to confirm his name, age and address.

Police received a report of children feeling unwell at a camp being held at Stathern Lodge, near Melton in Leicestershire, last Sunday.

Officers said paramedics attended the scene and eight boys – aged between eight and 11 – were taken to hospital as a precaution, as was an adult. They have since been discharged.

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Police said the “owners and operators of Stathern Lodge are independent from those people who use or hire the lodge and are not connected to the incident”.

Leicestershire Police has referred itself to the Independent Office for Police Conduct, after officers initially reported the incident as having happened on Monday, only to later amend it to Sunday.

It is still unclear when officers responded and whether that is why the watchdog referral has been made.

Ruben will next appear at Leicester Crown Court on 29 August.

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New Inelastic Dark Matter Model Could Bypass Current Limits of Particle Detection

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August 2, 2025

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New Inelastic Dark Matter Model Could Bypass Current Limits of Particle Detection

A group of physicists at the University of São Paulo’s Institute of Physics has proposed a model of the behaviour of dark matter (DM) in the presence of dark energy (DE) that is compatible with current astronomical observations. A model of inelastic DM can be realised from light-weight particles, which are collectively interacting through the massive vector mediator, and the model is an alternative explanation for DM relics in the universe. Importantly, this framework may have the potential to circumvent the experimental hurdles for the detection of DM that have thus far kept it in the dark. The findings are published in the Journal of High Energy Physics, and its authors believe it has the potential to “revolutionise” how particle physics analyses are conducted in the future.

Light Mediator ZQ Offers New Clues to Elusive Dark Matter and Its Cosmic Origins

As per the users’ report, they have developed the following new model: a heavy, stable DM from a light, unstable one. This can be expressed as a heavy stable DM due to a heavy unstable one, which may give rise to the “thermal freeze-out” in the universe. It doesn’t just interact with visible matter but with dark matter as well, and that’s how you get the new observational windows.

To explain why the dark matter has not been observed until now, the model further involves a decay of the unstable dark matter χ2 to some species not disturbing the CBR, and thus also not presenting a visible/observable decay signal. The picture is consistent with current astrophysical and experimental constraints, avoiding simpler `vanilla’ DM scenarios.

ZQ-induced vector mediators are light portals connecting the two sectors and may mediate the direct interactions between the dark sector and the SM particles. The black line indicates the region in the parameter space where dark matter can be hiding unobserved — this is to be addressed in future experiments.

The study suggests the search for dark matter should pivot from the “discovery frontier”, in which exquisitely sensitive instruments scan for signals, to the “intensity frontier”, which seeks ever-finer measurements to tease out anomalies. Future experiments will seek to dig more deeply into these unexplained corners of particle physics with a new online tool.

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Massive 200-Light-Year Cloud May Be Channeling Matter to the Milky Way’s Core

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August 2, 2025

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Massive 200-Light-Year Cloud May Be Channeling Matter to the Milky Way's Core

Astronomers have found a vast, never-before-noticed reservoir of stellar material, hundreds of light-years across, lurking in a cold, dark, starless swath of our galaxy. It’s dubbed the Midpoint Cloud and was identified using the Green Bank Telescope; it appears to channel dense clouds of material into the heart of our galaxy. It harbours active regions filled with dense dust lanes and star formation possibilities. These lanes could be bringing twisted matter into the galaxy’s central bar, shaping how stars form in this extreme environment and offering a rare snapshot of the first stages of a galaxy’s evolution.

Newly Found Midpoint Cloud May Be Key to Star Formation in the Milky Way’s Core

As per the study, researchers at the National Radio Astronomy Observatory and Green Bank Observatory confirmed the size and shape of the GMC based on mass, density, and movement. The gassy chaos in the cloud mirrors the caustic turmoil at the galactic centre, yielding measurements from a faint object that says something about an energetic event 200 light-years distant. That could be a link from the field-like tranquillity of our own Milky Way’s disk to the mayhem of its core.

Perhaps analogously to gas channels, a thick dust lane in the Midpoint cloud could supply the central stellar bar fragment with fresh gas, again supporting an interpretation that star formation is inhibited in this region by the strong gravitational potential. But regions like the Midpoint could collect such thick gas, spurring the birth of new stars.

The team classified Knot E as a compact gas clump whose material has been eroded by both star radiation and a maser, or microwave emission, within a cloud. A shell-like feature suggests earlier supernova explosions, like those the deaths of massive stars in the region might have initiated.

The Midpoint cloud Larry Morgan, of the Green Bank Observatory, discovered is a valuable clue in our knowledge of how galaxies evolve and form stars near their centers. The finding could give scientists a way to learn how matter flows inward across the cosmos, one hidden cloud at a time.

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