What to Expect in Bitcoin in June? Expert Analysts Share Their Predictions

Bitcoin enters June with bullish expectations, supported by institutional investor interest and strong ETF inflows. In May, the balance between both macroeconomic uncertainty and crypto adoption was tipped in favor of Bitcoin by blockchain-based institutional moves. BTC closed the month up nearly 10%, posting its second consecutive monthly gain. This performance was largely driven by Bitcoin ETF inflows totaling $5.6 billion and corporate treasuries purchasing Bitcoin. According to Bitcoin Treasuries data, the amount of Bitcoin held by public companies increased by 4% in May, reaching a total of $85.6 billion. This trend is expected to continue in June. Experts say that uncertainties, especially regarding customs duties brought back to the agenda by US President Donald Trump, may pose a short-term risk for Bitcoin, but this situation may increase interest in cryptocurrencies in the long term. “The ability to make sudden policy changes on things like customs duties makes short-term pricing very difficult,” said Chris Rhine, head of liquid assets strategies at Galaxy Digital. Rhine also said that such uncertainties could cause a slowdown in economic activity, which could increase the likelihood of monetary support such as rate cuts. In May, Bitcoin’s tendency to diverge from stocks also drew attention. It was observed that Bitcoin gained value both in periods when risk appetite increased and in times when the search for safe havens in the markets came to the fore. 21Shares USA President Federico Brokate stated that “The macro situation is still very important” and that whether this divergence is sustainable will be more clearly understood in June. Related News: SEC’s Crypto Task Force Chair Hester Peirce Delivers Definitive Take on TRUMP and All Memecoins Bitcoin hit an all-time high of $111,999 on May 22 before falling to $104,000 amid Trump’s comments about a trade war with China. The president has taken to social media to suggest that China is violating the existing trade agreement. This development comes on the heels of an interview in which Treasury Secretary Bessent said that U.S.-China trade talks are “a little stuck.” Investors are closely monitoring not only price movements but also regulatory regulations. The “GENIUS” Act (Guiding and Establishing National Innovation for US Stablecoins), which advanced to the Senate on May 19, could be put to a vote in early June. Whether or not the law passes is seen as an important indicator of sentiment for Bitcoin investors. On the other hand, Wells Fargo stated that a separate stablecoin regulatory bill in the House of Representatives points to a difficult process. On the technical analysis side, it is estimated that the bulls will continue to control in June. Tracy Jin, COO of the MEXC exchange, stated that the $ 109,000 resistance level will be defended against pressures from hedge funds’ put options, and if this resistance is broken, the $ 113,000 – $ 115,000 range can be tested. According to Jin, if this region is also overcome, Bitcoin is likely to rise to $ 130,000. *This is not investment advice. Continue Reading: What to Expect in Bitcoin in June? Expert Analysts Share Their Predictions

Source: BitcoinSistemi