The new working week began with the fall of bitcoin against the background of the presentation of claims from the US Securities and Exchange Commission (SEC) to the largest crypto exchange, Binance. BTC fell in price despite the fact that the majority of the crypto community members sided with the trading platform. Against the backdrop of Binance’s fight with the SEC, investors gave a forecast for Bitcoin. We tell you in which direction, according to the participants of the crypto community, BTC will continue to move
Analyst Kevin Swenson thinksthat the problems of Binance did not cause serious “injuries” to bitcoin. According to his observations, the overall trend for BTC remains upward. Swenson’s positive attitude supported analyst at Inmortal. His bitcoin forecast does not exclude a rebound from the lows, followed by a move to $28,000 in mid-June.
The author of the Stock-to-Flow (S2F) bitcoin forecasting model, PlanB, also decided to find out what will happen to bitcoin. For this he byprosil 1.8 million of their subscribers give a forecast of the BTC rate at the end of June. Many believe that bitcoin will close the first month of the summer near the $24-25 thousand levels. At the same time, some PlanB subscribers indicated the potential for further growth of BTC above $30 thousand.
Analyst PROFIT BLUE sees the potential for further decline of the coin. He believes that BTC will not be able to hold the $25K level. Also PROFIT BLUE toldwhat will happen to bitcoin in the near future. In his opinion, the next target for the cryptocurrency could be the level of $23.7 thousand.
With the view that BTC is in a precarious position, agreed crypto trader Ran Neuner. He drew attention to the fall of the cryptocurrency rate below the 200WMA indicator. In terms of technical analysis, this behavior of BTC indicates its weakness.
Bitcoin forecast from the popular cryptanalyst WhaleWire, in turn, does not exclude Cryptocurrency update cyclical low. In his opinion, BTC is preparing for a hike to $12,000. Breakthrough of the $15,000 level, WhaleWire is sure, will occur during the summer.
Recall that earlier the editors of BeInCrypto asked experienced experts to tell what will happen to bitcoin in June 2023. We have collected the answers in one review.
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2023-06-06 09:03:53
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