Bitcoin Price Is Eyeing $80,000 in June?🤯💥📈
Bitcoin’s Bull Run
Bitcoin is on a bullish rally, with the price surpassing $70,000 overnight and a 27% surge in trading volume. This signals a possible continuation of the uptrend, raising the question of whether BTC will reach $80,000.
Bitcoin Price Performance
Bitcoin shows a strong rally, surpassing $70,000 with a 5.67% increase over the last four days. Currently trading at $71,262, it indicates a bullish trend continuation towards a potential new all-time high.
Bitcoin ETFs Slowdown
On June 5th, Bitcoin spot ETFs saw a significant net inflow of $886 million, marking 16 consecutive positive days and indicating strong market support.
Derivatives Maintain Bullish Outlook
Bitcoin's funding rate stands at 0.02129407, with a 15.76% increase in open interest over the last week, supporting the ongoing bullish trend.
Conclusion
With bullish momentum, Bitcoin could surpass $73,800 and potentially reach $80,000 by the end of the month.
