Predicting Bitcoin Price for June 2022

[Yugocean]

The cryptocurrency market is going through a difficult bearish phase, with a few bullish surges thrown in for good measure. The game of market volatility has made Bitcoin trade like gambling, and profit and loss in trading has turned into a game of hi-lo.

The latter week of May and the first week of June saw a tremendous see-saw price game, with Bitcoin fluctuating between 29k and 31k, and briefly crossing 32k, before others, including CNBC, tried to portray BTC in the black, it quickly sank back below 30k on June 2nd, 2022.

For June, analysts have differing predictions for the Bitcoin movement. During the brief bull period, analyst Jason Pizzino was believing that Bitcoin will trade between $40k and $50k. After the drop, another analyst Arthur Hayes predicted that Bitcoin will trade between $25k and $27k,

Peter Schiff, a vocal anti-crypto critic, poked fun at crypto industry analysts, particularly CNBC's delight about bitcoin's surge above $32,000, claiming that this is a falling level for bitcoin.


No prediction is actually working, everyone has to follow DYOR (do your own research) method for taking the risk.​

 

[ashgold]

One of the most extreme crypto currency (Bitcoin) is unpredictable.

 

[bluegreen1352]

No one is always right on this very note,
so better not predict it

 

[Lens1000]

It is true that people continue to sing the praises of Bitcoin when it rises, no one wants to talk about it when the price dips. It is actually not good for the market because it is going to affect your prediction in the cryptocurrency analysis. It is better to know when it is going down and to know when it is actually improving. One could take advantage if it is going down and also want could also make profit from bitcoin investment if it is going up. For this reason, I do not see the major points in hiding the true news on cryptocurrency downtown. Both the downtrend and the uptrend would definitely give you profit depending on how you can analyse the market because you can make profit by buying or selling the cryptocurrency and the market sentiment would actually tell you the time to buy or the time to sell in order to make profit.

It is however important to note that most of the prediction that were made in cryptocurrency about bitcoin will never come to pass because I am seeing it as an exaggerated figure that is aimed at luring people to invest more in Bitcoin

 

[Abessive]

Nothing can be said about certainty in this highly volatile market. Bitcoin has performed well over the years, with significant returns and continued customer adoption. Furthermore, the current financial system is frail. The liquidity crisis, as well as the subsequent government intervention, are laying the groundwork for Bitcoin's adoption as a safe-haven asset.

 

[kriptopoulin]

Because many investors were feeling worried about the economy due to soaring inflation, a wobbly stock market, and rising interest rates, Wall Street temporarily de-risked the market, which contributed to the crypto market meltdown in June. The cryptocurrency market has been closely following the stock market in recent months, which has further entwined it with variables affecting the state of the world economy.

 

[Lymphography]

Because the crypto market is unclear, unpredictable, and highly volatile, no one's prediction can ever be correct. In the immediate future, Bitcoin, in my opinion, will remain a niche product. We can only hope for the best at this point.

 

[kriptopoulin]

Yes, you are entirely correct.Thanks for your opinion.It's really appreciated.

 

[Protension]

Forget June, Bitcoin has hit an all time low and is showing very slow progress of growth. Bitcoin price keeps fluctuating between $21,000 and $18,000. Some analysts suggest the price will recover to its original $60k mark by mid 2023. Considering there has been significant time in the bear run of bitcoin, we can hope that it recovers.