April was an interesting month for the cryptocurrency market, characterized by high volatility, new yearly highs, and a sharp drop. BeInCrypto looks at the crypto predictions for the upcoming month of June.
The month of May was the first bearish month of the year for the cryptocurrency market. It is possible that June will bring more of the same.
Below are the biggest crypto predictions for June, relating to Bitcoin, Ethereum, and other popular cryptocurrencies.
Bitcoin (BTC) Will Drop to $25,000
The Bitcoin price broke down (red icon) from a head and shoulders pattern on May 11. The head and shoulders is considered a bearish pattern. As a result, the breakdown was expected.
However, the movement since the breakout has been unusual. Instead of falling sharply, the BTC price increased twice and even moved above the patterns midline once more on May 30. But, it decreased again shortly afterward.
Therefore, it is possible that the…
