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

Bitcoin is entering June with expectations of a rise supported by the interest of institutional investors and strong ETF inflows.

In May, the balance between macroeconomic uncertainties and cryptocurrency adoption shifted in favor of Bitcoin due to blockchain-based institutional movements. BTC closed the month with an approximately 10% rise, marking its second consecutive monthly gain. This performance was largely driven by Bitcoin ETF inflows amounting to $5.6 billion and corporate treasuries purchasing Bitcoin.

According to Bitcoin Treasuries data, the amount of Bitcoin held by publicly traded companies increased by 4% in May, reaching a total of $85.6 billion. This trend is expected to continue in June. Experts indicate that the uncertainties regarding tariffs, which U.S. President Donald Trump has brought back to the agenda, could pose a short-term risk for Bitcoin, but this situation could increase interest in cryptocurrency in the long term.

Chris Rhine, the head of liquid asset strategies at Galaxy Digital, said, "Sudden policy changes on issues such as customs duties make short-term pricing quite difficult." Rhine also mentioned that these uncertainties could lead to a slowdown in economic activities, which could increase the likelihood of monetary support measures such as interest rate cuts.

In May, Bitcoin's tendency to decouple from stocks also drew attention. It was observed that Bitcoin gained value both during periods of increased risk appetite and in moments when a search for safe havens emerged in the markets. Federico Brokate, President of 21Shares US, stated that "The macro situation is still very important" and noted that whether this decoupling is sustainable will become clearer in June.

Bitcoin reached an all-time high of 111,999 dollars on May 22, before dropping to 104,000 dollars following Trump’s statements regarding the trade war with China. The President claimed on social media that China was violating the current trade agreement. This development came immediately after Treasury Secretary Bessent stated in an interview that US-China trade talks had "hit a bit of a snag."

Investors are closely monitoring not only price movements but also regulatory developments. The "GENIUS" Act, which is progressing to the Senate on May 19, could be put to a vote in early June. Whether the law passes or not is seen as an important sentiment indicator for Bitcoin investors. On the other hand, Wells Fargo noted that a separate stablecoin regulatory proposal in the House of Representatives indicates a challenging process.

It is predicted that the bulls will maintain control on the technical analysis side in June as well. Tracy Jin, the COO of the MEXC exchange, stated that the resistance level of $109,000 will be defended against pressures stemming from hedge fund selling options, and if this resistance is broken, the range of $113,000 - $115,000 could be tested. According to Jin, if this area is also surpassed, it is possible for Bitcoin to rise up to $130,000.

*It is not investment advice.

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