$BTC
📢 Bitcoin June price prediction: 😱😱
📺 $60k or $80K; Where Bitcoin Price Heading by June End?
🔥HIGHLIGHTS
As per the data from Coinmarketcap, the global crypto market cap stands at $2.42 Trillion, and a 3.72% increase in trading volume to hit $64.8 Billion.
The Bitcoin fear and greed index is at 74% higher a bullish market sentiment.
The BTC breakout from the flag pattern will signal the end of the current consolidation trend.
🔥For over a week, the Bitcoin price has witnessed aggressive selling pressure leading to a downfall from $71947 to $66197. The 8.3% pullback was likely influenced by several factors like pre-CPI data uncertainty, notable outflow from the BTC ETFs, whale distribution, and Bitcoin miners’ capitulation. Amid the downfall, the coin price developed a bearish reversal pattern and broke key support to signal a downtrend continuation.
🔥Also Read: Bitcoin Price Analysis: What’s Next For BTC As Crypto Fear And Greed Index Nosedives.
Bitcoin Price Faces Downturn Amidst Miner and Whale Sell-Offs.
The leading digital asset Bitcoin has been trading sideways for the past three months, taking a breather from the prevailing uptrend. This consolidation resonating within two parallel trendlines revealed the formation of a bullish flag— a chart setup often spotted at a strong uptrend to stabilize the price action for the higher rally.
🔥On June 7th, the BTC price faced another reversal from the overhead trendline indicating the investors could witness a prolonged consolidation. The bearish turnaround tumbled Bitcoin to a 4-week low of $64936, while the market cap plunged to $1.28 Trillion.
✍️Moreover, in a recent analysis from crypto trader Alicharts highlighted that the Bitcoin miners sold over 1,200 BTC, worth more than $79.20 million, contributing to a recent price correction.
#BinanceTournament #AirdropGuide #XaiVanguardGensis #MantaRWA #EarnFreeCrypto2024
