What will be the price of bitcoin in june
Experts told RBC-Crypto about the prospects for Bitcoin in June: what could affect the coin's rate, as well as what support levels and price targets could be realized in the first month of summer.
“The clouds are gathering again”
After a correction in April to $75,000, Bitcoin demonstrated growth to a new maximum in May, which was facilitated by a decrease in inflationary pressure in the United States and the expectation of easing the monetary policy of the Federal Reserve System (FRS), noted Oleg Kalmanovich, an analyst at Neomarkets and the author of the Generation Finance blog on TradingView.
However, geopolitical tensions are gathering again on the horizon in early June, Kalmanovich said. He explained that the recent announcement by the US president to raise tariffs on steel and aluminum imports to 50% has caused concern in Europe and China, with China accusing the US of seriously violating the trade truce concluded in May and threatening retaliatory measures.
These events may temporarily increase the flight of “big money” to the defensive dollar, the expert notes. At the same time, according to him, the reduction of geopolitical tensions between China and the United States and information about official negotiations between these countries will be positive for the digital market.
Another important geopolitical factor, Kalmanovich says, is the One Big Beautiful Bill Act, which is being promoted by US President Donald Trump. The document includes increased defense spending, increased border control, and changes in tax legislation. The expert noted that the court found a number of Trump's initiatives illegal, but the appellate court overturned this decision before the Supreme Court hearing, once again exacerbating uncertainty in the markets. This issue should be resolved by July – it will be positive for the crypto market if the Supreme Court rejects Trump with his new bill, the expert says.
Against the backdrop of these events, Bitcoin may now continue the current bearish correction that began last week amid a new round of rising geopolitical tensions, the analyst believes. Technically, according to his estimates, the nearest support zone for the BTC rate is in the region of $97–$98 thousand. According to Kalmanovich's calculations, from this zone one can consider buying the asset with targets of $103 thousand, $109.9 thousand and $114.2 thousand.
According to the expert, the key economic events in the first month of summer will be the publication of data on the consumer price index (CPI) in the US on June 11 and the Fed meeting on June 17-18, from which the market expects signals about a possible reduction in interest rates.
“Healthy cooling of the market”
At the same time, despite the likely preservation of the key rate at the current level following the upcoming Fed meeting, Bitcoin may return to the zone above $110 thousand more than once during June, believes Tehnobit CEO Alexander Peresichan. According to him, if the Fed at least hints at future easing (for example, in comments by Central Bank Chairman Jerome Powell), this will immediately revive the appetite for risk.
“June may be a month of consolidation, but not a trend reversal. Key support levels of $100,000 – $105,000 look reliable, and with improving macro factors, Bitcoin is ready to retest the historical maximum. Although Bitcoin did face a short-term correction, this is more of a healthy cooling of the market than a trend reversal,” the analyst believes.
Peresichan noted that institutional demand remains high: large players use the decline in the rate to accumulate. There is a steady interest in spot exchange-traded funds (ETF) for Bitcoin, which supports the coin's rate during periods of correction, the expert says.
Also, any positive signals about the easing of tariff policy or negotiations with China by the Trump administration could add positivity to the crypto market, Peresichan agreed with the previous expert. According to him, the easing of tensions could provoke an influx of capital into risky assets, including Bitcoin.
Thus, in June, the general background looks positive, attempts to reach a new record are not excluded, the analyst believes. But more fundamental factors are still lacking for consolidation, Peresichan added. According to him, high volatility can be expected on the market in the near future.
Summer Traditions
Traditionally, the summer season is characterized by a drop in trading volumes, a decrease in the interest of market participants in what is happening, a small number of interesting events, as well as vacations of financial players, reminded VG GROUP Managing Partner Vagiz Nurullov. He drew attention to the fact that historically, summer, June is not a particularly positive time for trading and traders need to be more careful with margin positions, especially in altcoins.
According to Nurullov, Bitcoin may trade in the $100,000-$110,000 zone per coin throughout June. And if it goes below $100,000, the expert believes that the asset's rate will shift to the $97,000-$103,000 range or even lower.
“In the absence of positivity, against the backdrop of low trading volumes and slight disappointment among participants, we may see a slow and grueling slide of Bitcoin to $93,000 and Ethereum to $2,200,” Nurullov believes.
“Expectations of growth have shifted to autumn”
The new May ATH (all-time-high, price record) confirms the stable positive bullish trend in the crypto market, says Ryan Lee, lead analyst at Bitget Research. According to him, this growth is largely due to expectations of further inflow of institutional capital, as well as positive macroeconomic signals, such as the steady demand for bitcoin as a hedge against inflation.
In the current environment, keeping the Fed's key rate unchanged could temporarily curb appetite for cryptocurrencies, while the escalation of the trade conflict between the US and China increases volatility in traditional markets, which makes investors more cautious about high-risk instruments such as Bitcoin, Lee explained.
In his opinion, June may pass in a sideways trend with testing of support levels in the region of $100-105 thousand. Expectations of a new wave of growth have shifted to autumn, by which time, as investors hope, the American administration will manage to find a compromise with Beijing on tariffs, and the US Federal Reserve will decide to reduce the key rate, Li concluded.
Источник: cryptocurrency.tech
