Several analysts and researchers, including Singapore-based QCP Capital, have a positive outlook on bitcoin's price for June 2024. QCP Capital observed strong bullish sentiment, with significant call buying for June expiries, indicating potential for bitcoin to surpass its all-time high of $73,794 and possibly reach $74,000. They also expect ethereum to catch up and potentially outperform bitcoin when ethereum spot ETFs begin trading.

Cory Mitchell from Trading.biz noted that bitcoin's price, which saw a 23% drop after hitting an all-time high in March, has formed a rounded bottom pattern. If bitcoin can push past $70,000, it could target $110,000 based on past rally sizes.

Neil Roarty from Stocklytics highlighted the role of Bitcoin ETFs, which launched in January and have seen significant inflows, boosting demand. He pointed out that institutional investor sentiment, linked to interest rate changes, will be crucial for bitcoin's future performance. Overall, analysts agree on a bullish but unpredictable outlook for bitcoin.$BTC