The bull market is coming! BTC surged to 72,000, the most likely to explode in June!
From a macro perspective, interest rate cuts are inevitable, and loose monetary policies will also be implemented. Combined with the bull market cycle brought about by the halving of Bitcoin, the macro and cyclical trends have been clear.
The market is approaching step by step. BTC failed to hit the 72,000 point line again yesterday. It did not break through and stand at the 72,000 point line on the daily line. It began to step back on the support position in the early morning. The daily line has already shown five consecutive positives. According to the trend of the daily level, if it does not break through and stand at 72,000 points today, then a resistance callback position will be formed near 72,000 points again. The market will briefly pull back and accumulate power to hit the 72,000 point line again. ETH made up for the rise in the early morning yesterday and directly stood at the 3850 line at the four-hour level. The daily level has been walking in small steps and crosses. In the early morning, it suddenly pulled up and touched the 3900 point line. This growth of the two cakes in this round of accumulation is definitely not enough. Regardless of whether the big cake stands at 72,000 points, the two cakes will hit the 4000-4100 range recently, or go directly to our focus of the 4200-4500 range. June continues to be optimistic. The cottage is just the beginning, not an outbreak.
1.BONK
Bonk is considered the first dog-themed cryptocurrency in the Solana ecosystem. The token sparked a remarkable rally after its launch, giving it an astonishing first quarter gain. Although currently priced at just $0.0065, its unique positioning has analysts predicting that it could reach $1 by the end of 2024.
Meanwhile, Bonk’s price action could repeat the trajectory of its launch. The price trend of the Bonk token shows that it is highly resilient and is experiencing a significant rise.
2.SHIB
As the second largest meme coin in the cryptocurrency market after Dogecoin (DOGE), Shiba Inu Coin (SHIB) has experienced crazy growth since its launch. Even during the crypto market downturn, SHIB has outperformed many other cryptocurrencies. Yesterday, a whale bought 716 billion SHIBs on a large scale, and such major holders are often referred to as “whales.” In six hours, the whale spent a staggering 4,849 Ethereum (ETH), or about $18.44 million, to purchase 715.9 billion SHIB tokens.
This aggressive buying spree has attracted widespread attention from the cryptocurrency community. Previously, the whale had spent about $400,000 to accumulate 5.5 trillion SHIB tokens in the early stages of SHIB and made headlines for his success. This strategic move paid off handsomely, with the investor selling tokens at two different peaks and netting a staggering $121 million. Now, with this bold investment, the investor seems ready to influence SHIB's market trajectory again.
3. FLOKI
Floki Inu (FLOKI) is one of many canine meme cryptocurrencies inspired by Tesla CEO Elon Musk, and was first listed in the summer of 2021. Previously, it was reported that the Tesla founder bought a Shiba Inu and named it Floki. Although the creator of the token is anonymous, this new cryptocurrency still attracted many supporters.
On June 4, the Floki development team announced an important milestone. Market maker DWF Labs pledged to purchase $12 million worth of FLOKI tokens. This statement shows great confidence in the future prospects of the project. In addition, the Floki team recently launched a trading robot, demonstrating their determination to enhance the utility of the network. Yesterday, BNB broke a new high, and the BNB chain was widely recognized as FLOKI's largest memecoin. These factors indicate that this year is expected to be the most critical year in Floki's history.
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