Bitcoin's Price Surge and Must-Watch Events for Traders

Bitcoin's price action continues to deliver on bulls' expectations after weeks of sideways trading, with $30,000 held into the weekly close and beyond. The macroeconomic climate is somewhat "standard" for the final week of June, offering some potential risk asset price catalysts but avoiding several major data releases at once. Bitcoin network fundamentals are cooling their own gains, with mining difficulty due to decrease at its upcoming readjustment on June 29. Meanwhile, Bitcoin is at the dawn of a "new speculation cycle," according to popular analyst Philip Swift, and crypto market sentiment appears to care significantly about the fate of the $30,000 price level.