Bitcоin

$60k or $80K; Where Bitcoin Price Heading by June End?

15.06.2024

For over a week, the Bitcoin price has witnessed aggressive selling pressure leading to a downfall from $71947 to $66197. The 8.3% pullback was likely influenced by several factors like pre-CPI data uncertainty, notable outflow from the BTC ETFs, whale distribution, and Bitcoin miners’ capitulation. Amid the downfall, the coin price developed a bearish reversal pattern and broke key support to signal a downtrend continuation.

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15.06.2024
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