Price Predictions for June 23: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

Bitcoin bulls have shown they are ready to buy dips down to $100,000 or less. Which altcoins will follow?

Price Predictions for June 23: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

Price Analysis

Key Points:

Bitcoin's bounce from $100,000 shows that buyers are committed to the overall bullish trend.

Some altcoins have broken below their respective support levels, suggesting greater weakness for medium-cap cryptocurrencies in the short term.

Bitcoin

BTC

€90,603

has remained above the psychological support of $100,000, but the strength of each will determine if the bullish trend remains intact. BitMEX founder Arthur Hayes was optimistic in a post on X, stating that Bitcoin's weakness will pass, clarifying its status as a safe haven.

Bitcoin's relative stability compared to major U.S. stocks during the current geopolitical crisis shows it is maturing as an asset class. André Dragosch, head of research at Bitwise Europe, shared a chart on X, showing Bitcoin's 60-day realized volatility at 27-28%, lower than the S&P 500 (SPX) at about 30%, the Nasdaq 100 at nearly 35%, and the “Magnificent 7” tech stocks at around 40%.

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Daily view of cryptocurrency market data. Source: Coin360

The lack of a breakout to a new high has not caused panic among institutional investors, who continue to buy Bitcoin.