• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Monday, August 8, 2022
Online Crypto College
Advertisement
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
Online Crypto College
No Result
View All Result

Bitcoin Price Outlook for June — Market Conditions Show Uncertainty – Market Updates Bitcoin News

June 10, 2022
in Bitcoin
Reading Time: 4 mins read
A A
ShareShareShareShareShare

Related articles

For 38 Consecutive Days Ethereum Gas Fees Record the Lowest Rates Since 2020 – Bitcoin News

August 7, 2022

Analysts Predicts Bitcoin Will Plunge Shortly But Suggest Buy Bitcoin

August 7, 2022

Ten days into June, bitcoin continues to trade lower, with prices hovering close to a twelve-month low. Despite this, there continues to be optimism around potential rallies in price over the next few weeks. Overall, there is still a lot of uncertainty in the market, with the potential for either bullish or bearish runs in upcoming sessions.

Current Market Conditions

Heading into June, bitcoin (BTC) had seen its value fall for nine consecutive weeks, pushing prices to their lowest level since the same point last year.

This run started towards the end of March, when U.S. inflation rose to nearly 9%, with the war between Russia and Ukraine also escalating.

As a result of these fundamental factors, traders and investors alike began to move away from high-risk assets, opting to find safety in safe havens instead.

Since then crypto markets have continued to decline, with BTC/USD going from $48,257 at the beginning of April, to a low of around $28,000 in the past three weeks.

Following these drops, BTC has continued to consolidate close to this level, moving between $28,000 and $30,500 over the past few weeks.

However, with two-thirds of the month left, traders are interested to see if this trend will continue, or if a rebound in price is possible.

June Outlook

Bitcoin once again fell to its floor of $29,500 this week, as market uncertainty remained rife during the past few sessions.

Despite hitting this support point, bulls will likely be optimistic due to the historical rallies that take place at this point.

As seen from the chart below, on the last two occasions that BTC has traded at this current level in June 2021, and December 2020, there were significant surges in price.

Bitcoin Price Outlook for June — Market Conditions Show Uncertainty
BTC/USD – Weekly Chart

Should history repeat itself, then we will likely see bulls attempting to take prices above the ceiling of $32,500.

From that point onwards, the target will likely be $35,000, which was the second point of interest for the bulls who pushed prices up during those runs in December 2020, and June 2021.

Overall, June looks as though it could potentially birth some surges in BTC’s price, however, a key indicator to pay attention to will be the 14-day RSI.

As of writing, this currently sits at 33.9, which is above support at 33, and should relative strength continue to remain above this floor, then we could see $32,500 sooner than later.

What do you think about bitcoin’s monthly outlook? Let us know what you think about this subject in the comments section below.

Eliman Dambell

Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It


Credit: Source link

ShareTweetSendPinShare
Previous Post

Unhosted Crypto Wallet Rules Will Allow Innovation, US Treasury Official Vows

Next Post

Do Kwon Suspected Of $80 Million Scandal! But No Collateral Recordings To Be Released – Coinpedia – Fintech & Cryptocurreny News Media

Related Posts

For 38 Consecutive Days Ethereum Gas Fees Record the Lowest Rates Since 2020 – Bitcoin News

August 7, 2022

In 43 days, the Ethereum network could finally see a full transition from proof-of-work (PoW) to proof-of-stake (PoS) via The...

Analysts Predicts Bitcoin Will Plunge Shortly But Suggest Buy Bitcoin

August 7, 2022

It is no secret that many cryptos have been experiencing a price plunge. As of June 18, the price of...

Brevan Howard Subsidiary Raises $1B For Crypto Investments Amid Bear Market

August 7, 2022

A recent report noted that BH Digital, a Brevan Howard Asset Management subsidiary, is taking a progressive growth measure in...

Virginia Fairfax County Pours $70 Million Into Crypto Lending As Investment

August 7, 2022

The crypto winter brought more devastating impacts on some crypto lending platforms. There was a lot of battling by most...

What Would Be The Ethereum Merge Impact On Cryptocurrency Miners

August 7, 2022

Miners of both Bitcoin and Ethereum are still thriving regardless of the crypto winter. The revenue generated by Ethereum miners...

Load More
Next Post

Do Kwon Suspected Of $80 Million Scandal! But No Collateral Recordings To Be Released - Coinpedia - Fintech & Cryptocurreny News Media

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ethereum Consolidate Gains, Why This Support Is The Key

August 1, 2022

UK Parliamentary Group launches inquiry for further regulation of growing crypto sector

August 4, 2022

Voyager Digital Likely to Resume Withdrawal From August 11

August 6, 2022

Senators propose regulation of cryptocurrencies | Business | bendbulletin.com – The Bulletin

August 3, 2022

Like him or not, Crypto Media cannot Ignore Elon Musk

August 1, 2022

About Us

This is an online news portal that aims to provide the latest Crypto news, Altcoins, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Ethereum Whales Targeting Three Very Surprising Altcoins
  • Regulation is inadequate protection against greed
  • For 38 Consecutive Days Ethereum Gas Fees Record the Lowest Rates Since 2020 – Bitcoin News

Newsletter

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$23,340.001.46%
  • ethereumEthereum(ETH)$1,715.681.33%
  • tetherTether(USDT)$1.000.13%
  • usd-coinUSD Coin(USDC)$1.000.11%
  • binancecoinBNB(BNB)$326.153.35%
  • rippleXRP(XRP)$0.3750080.61%
  • Binance USDBinance USD(BUSD)$1.000.19%
  • cardanoCardano(ADA)$0.533.28%
  • SolanaSolana(SOL)$41.162.65%
  • polkadotPolkadot(DOT)$8.762.56%
  • dogecoinDogecoin(DOGE)$0.0695500.82%
  • AvalancheAvalanche(AVAX)$28.207.16%
  • Shiba InuShiba Inu(SHIB)$0.0000121.10%
  • daiDai(DAI)$1.000.07%
  • Lido Staked EtherLido Staked Ether(STETH)$1,654.571.18%
  • matic-networkPolygon(MATIC)$0.910.51%
  • tronTRON(TRX)$0.0701190.72%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,325.001.60%
  • ethereum-classicEthereum Classic(ETC)$38.05-0.17%
  • OKBOKB(OKB)$18.27-0.75%
  • leo-tokenLEO Token(LEO)$4.90-0.61%
  • litecoinLitecoin(LTC)$61.450.75%
  • FTXFTX(FTT)$30.871.38%
  • UniswapUniswap(UNI)$8.881.27%
  • chainlinkChainlink(LINK)$8.346.68%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.053.11%
  • CronosCronos(CRO)$0.1478141.87%
  • cosmosCosmos Hub(ATOM)$11.518.09%
  • stellarStellar(XLM)$0.1244262.37%
  • moneroMonero(XMR)$165.363.03%
  • FlowFlow(FLOW)$2.704.29%
  • bitcoin-cashBitcoin Cash(BCH)$141.980.40%
  • algorandAlgorand(ALGO)$0.3676084.85%
  • vechainVeChain(VET)$0.0316682.20%
  • filecoinFilecoin(FIL)$8.89-4.20%
  • ApeCoinApeCoin(APE)$7.27-0.05%
  • Internet ComputerInternet Computer(ICP)$8.260.02%
  • decentralandDecentraland(MANA)$1.071.43%
  • ChainChain(XCN)$0.085416-0.26%
  • HederaHedera(HBAR)$0.0780020.88%
  • The SandboxThe Sandbox(SAND)$1.330.40%
  • QuantQuant(QNT)$127.693.54%
  • tezosTezos(XTZ)$1.901.67%
  • theta-tokenTheta Network(THETA)$1.709.40%
  • Axie InfinityAxie Infinity(AXS)$18.741.63%
  • ElrondElrond(EGLD)$67.584.34%
  • FraxFrax(FRAX)$1.000.15%
  • AaveAave(AAVE)$102.523.34%
  • Lido DAOLido DAO(LDO)$2.47-3.80%
  • eosEOS(EOS)$1.241.10%