What to Expect in Bitcoin in June? Expert Analysts Share Their Predictions
Cryptocurrency analysts have shared their forecasts for June, which was generally a strong month for Bitcoin. Bitcoin enters June with bullish expectations, supported by institutional investor interest and strong ETF inflows. In May, the balance between macroeconomic uncertainty and crypto adoption favored Bitcoin due to blockchain-based institutional moves. BTC closed the month up nearly 10%, marking its second consecutive monthly gain. This performance was largely driven by Bitcoin ETF inflows amounting to $5.6 billion and corporate treasuries purchasing Bitcoin.
According to Bitcoin Treasuries data, the amount of Bitcoin held by public companies increased by 4% in May, reaching a total of $85.6 billion. This trend is expected to continue in June. Analysts suggest that uncertainties, especially related to customs duties reintroduced to the agenda by US President Donald Trump, could pose a short-term risk for Bitcoin. However, this situation might enhance interest in cryptocurrencies in the long run.
Chris Rhine, head of liquid assets strategies at Galaxy Digital, mentioned, “The ability to make sudden policy changes on matters like customs duties makes short-term pricing very challenging.” Rhine also noted that such uncertainties could lead to a slowdown in economic activity, potentially increasing the likelihood of financial support such as rate cuts.
In May, Bitcoin’s tendency to deviate from stocks also attracted attention. It was observed that Bitcoin gained value in both periods when risk appetite surged and during times when the quest for safe havens in the markets intensified. 21Shares USA President Federico Brokate commented that, “The macro situation remains crucial,” and the sustainability of this divergence will be better understood in June.
Bitcoin reached an all-time high of $111,999 on May 22 before retreating to $104,000 amid statements from Trump about a trade war with China. Investors are closely monitoring not just price movements but also regulatory policies. The “GENIUS” Act (Directing and Encouraging National Innovation for US Stablecoins), which progressed to the Senate on May 19, might undergo a vote in early June. The passage of this legislation is seen as a significant sentiment indicator for Bitcoin investors.
On the technical analysis front, it is predicted that bulls will likely maintain control in June. Tracy Jin, COO of the MEXC exchange, anticipates resistance at the $109,000 level due to pressures from hedge funds’ put options. If this resistance is breached, the $113,000-$115,000 range could be tested. Jin suggests that surpassing this zone may propel Bitcoin towards $130,000. *This is not financial advice.
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