According to Crypto Rover, Bitcoin has just achieved its highest monthly close on record as of June 1, 2025, signaling strong bullish momentum in the cryptocurrency market (source: Crypto Rover on Twitter). This new peak in monthly closing price reinforces positive sentiment among traders, suggesting potential for continued upward price action. For crypto investors, this milestone highlights sustained institutional and retail interest, which could drive increased trading volumes and volatility. Traders are advised to monitor support and resistance levels closely, as historical highs often lead to decisive market moves.

According to Material Indicators (@MI_Algos), this morning’s economic reports have already triggered significant downside volatility for Bitcoin, as predicted in their prior analysis. With less than six hours left before the monthly BTC candle close, traders are closely monitoring critical support levels around $60,000 and resistance near $62,500, as well as key indicators such as monthly RSI and moving averages to gauge potential price direction. The volatility spike is prompting heightened trading activity, with short-term traders advised to watch for a confirmed monthly close below the 50-day moving average, which could signal further downside momentum (source: Material Indicators, x.com, April 30, 2025).

According to Material Indicators (@MI_Algos), traders should closely monitor the $60,000 and $62,500 resistance levels and the $56,000 support zone for Bitcoin's monthly close, as these levels have shown significant order book activity and liquidity shifts in recent sessions (source: x.com/i/broadcasts/1…). Material Indicators also highlight the importance of the monthly RSI and MACD readings, which currently suggest a neutral to slightly bullish momentum depending on the close. These technical signals are crucial for short-term and swing traders looking to position around the end-of-month volatility (source: @MI_Algos, April 30, 2025).