Bitcoin Price Outlook for June — Market Conditions Show Uncertainty
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....
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According to Strategy’s official announcement, the company added 10,100 Bitcoin to its pile last week. The move cost $1 billion at an average price of $104,080 per coin. Related Reading: Crypto Just Got Pricier In Brazil: 17.5% Tax Kicks In Bitcoin slipped from $110,000 on June 9 to a low of $103,550 on June 12 after news of […]
At the end of the trading day on Monday, Wall Street was roiled once again as major stocks plunged during the day’s trading sessions. Most news outlets indicate the Russia-Ukraine war is causing the bleak outlook and reports show strained financial conditions worldwide are currently the tightest since 2020. Meanwhile, bond markets during Monday’s trading sessions indicate increased inflationary pressures may be on the horizon.
Global Investors Grow Concerned About Strained Financial Conditions
Equities traders did not have a pleasant day during Monday’s....
Data-driven insights into digital assets’ trading conditions remain relevant regardless of whether the market is going up or down. Just as it started to look like the crypto market was staging a comeback and bracing for a new bull run, geopolitical tensions stepped in to drive the price of Bitcoin (BTC) below $40,000 again, with most altcoins seeing deep red as well. Such periods of market uncertainty, however, are not unprecedented, and digital assets’ individual history already holds information on the way their prices previously behaved under similar macro conditions.Last week was not....
Bearish pressure still lingers within the crypto sector following recent unfavorable macroeconomic conditions, and Bitcoin has fallen sharply, with its price now hovering near the $104,000 level. The bearish tension may be growing, but key on-chain metrics show that the current bull market phase is likely to continue. Bullish Outlook For Bitcoin Endures Bitcoin’s strong […]
In the short-term, supporting the upside outlook is the uncertainty led by a rising number of coronavirus infections in the US.