Bitcoin (BTC) is heading for a range low retest as it nears $60,000, dropping another 1.25% since June 24. This comes as Bitcoin has given up multiple moving averages and plunged short-term holders into the red. Factors contributing to this volatility include the upcoming US unemployment data release and revised Q2 GDP figure. Bitcoin has its work cut out if a rebound is to set in before the monthly and quarterly close, with BTC/USD now down 7% in June. Meanwhile, Bitcoin whales are under scrutiny amid the lowest prices in over a month.