Bitcoin
Bitcoin Price Prediction for June 2024 – See Why $100K Could Be Next
Bitcoin price started this week relatively slowly, but BTC is still trading around $69K as we explore the bitcoin price prediction and why $100k is “on the table” for June.
Bitcoin Price Prediction for June 2024
According to altFINS, the price of Bitcoin is in an uptrend, consolidating in a sideways channel between $60,000 and $72,000. Swing traders could potentially trade this channel by entering near $60K and exiting around $72K, with a stop-loss set just below the previous low of $55,800.
The sideways channel pattern indicates market indecision, and trend traders may want to wait for a breakout in either direction, although typically a breakout occurs in the direction of the existing trend. Swing traders can range trade by buying near support and selling near resistance.
The short-term trend is upward, the medium-term trend is strongly upward, and the long-term trend is upward. Momentum is bullish but flexing. O MACD Line is still above the MACD signal line, but the falling bars of the MACD histogram suggest that the momentum may be approaching a decline. Currently, the price is neither overbought nor oversold based on the RSI-14 levels (RSI > 30 and RSI < 70).
The closest support zone is $60K, followed by $50K. The price of Bitcoin must first break its previous record of around $73,000 set in March. If this happens in the next few days, based on the MACD lines and general bullish sentiment, we could see $100K in June.
Crypto Rover, one of the most popular crypto analysts on X with nearly 800k followers, tweeted that Bitcoin’s ascending broadening wedge pattern is about to break out, and when it does, it will send BTC to $100K.
Best Altcoin to Buy Now Amid Bitcoin Price Rise
The popular YouTuber ClayBrowhich has more than 129 thousand subscribers, posted a positive video about Dogeverse. He highlights that there are just over seven days left to participate in the Dogeverse pre-sale and advises against unrealistic expectations of immediate massive gains after launch. It emphasizes the importance of community and the long-term potential of Dogeverse.
ClayBro has invested heavily in Dogeverse and is considering adding more before the pre-sale ends. He references other successful pre-sales and suggests that similar gains could be seen with Dogeverse, particularly with the US administration’s current favorable stance towards cryptocurrency.
It highlights the importance of using the official affiliate link to avoid scams and describes step-by-step instructions buying Dogeverse using various blockchain wallets and networks (Ethereum, BNB, Matic, Avalanche, Base, Solana).
Dogeverse aims to be a multi-chain bridge allowing seamless transactions across different blockchains. ClayBro mentions that large investors (whales) are buying, which could lead to high volatility on launch day. He expects upward and downward price movements due to different investor behaviors, with initial price increases ranging from 50% to 300%, followed by a stabilization phase.
After launch (early June), investors will need to claim their tokens on the site, and optional staking will be available for annualized returns of up to 50%.
Conclusion
So, as we look at the Bitcoin price prediction, BTC chart, and BTC price prediction, it appears the stage is set for a potential move toward $100K in June, especially if the all-time high above is violated. Regarding altcoins, Dogeverse has attracted attention (it has raised over $15 million in cryptocurrency presales) from influential figures like ClayBro, who highlights its potential as potentially one of the best cryptocurrencies to invest in right now.
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