$BTC (Bitcoin) is entering June with bullish expectations, driven by strong institutional investor interest and significant ETF inflows. In May, Bitcoin's price surged nearly 10%, its second consecutive monthly gain, thanks to $5.6 billion in ETF inflows and corporate treasury purchases.
Key Factors to Watch
Institutional Investment: Public companies increased their Bitcoin holdings by 4% in May, reaching $85.6 billion. This trend is expected to continue in June.
Regulatory Developments: The "GENIUS" Act, which aims to establish national innovation for US stablecoins, may be voted on in early June, impacting Bitcoin sentiment.
Market Volatility: Uncertainties, such as US President Donald Trump's comments on customs duties and trade wars, may pose short-term risks but could increase interest in cryptocurrencies long-term.
Technical Analysis: Experts predict bulls will control in June, with key resistance levels at $109,000 and $113,000-$115,000. Breaking these levels could push Bitcoin's price to $130,000.
Current Market Performance
Bitcoin's current price is $104,292.07, with approximately 0.52% increase.
Bitcoin ETFs have seen consecutive inflows, totaling over $4.3 billion in 10 days, driven by reduced volatility and institutional demand .
Expert Insights
Chris Rhine, Galaxy Digital, notes that policy changes can make short-term pricing difficult, but may lead to monetary support.
Federico Brokate, 21Shares USA, emphasizes the importance of macro situations in Bitcoin's divergence from stocks .
🙄Do you think Bitcoin will reach $130,000 in June: Share your opinion too in the comments.
👉 This is not investment advice. D.O.Y.R. & Best of luck.👍