In the world of Bitcoin and crypto money, most investors are wondering what levels the leading coins will reach. As the month of May is ending, eyes are now looking at June. Of course, predictions follow. The latest estimates came from Price Predictions, a cryptocurrency analysis and forecasting platform.
Expectation for Bitcoin in June
After falling below $27,000, Bitcoin (BTC) entered the recovery phase again. However, there is resistance at $27,600. Accordingly, the bulls are waiting for this resistance to be broken. If the resistance is exceeded, $29,000 levels are waiting at the door. According to the latest data from the platform, Bitcoin is expected to reach $27,276 by June 1, 2023. Accordingly, this indicates a slight rise from the current price level. As of now, Bitcoin is located at $ 26,300.
Michaël van de Poppe, a prominent cryptocurrency analyst, shares his views on the current state of Bitcoin. He acknowledges the positive momentum that Bitcoin is exhibiting. However, he states that it is difficult to get bullish without successfully breaking through the resistance levels.
Will the Shiba Inu (SHIB) live up to expectations in June?
Shiba Inu (SHIB) enthusiasts have been eagerly awaiting the release of the Shibarium mainnet. On the other hand, exciting news began to come slowly. A team member named Shibarium1 from the SHIB developer team has announced that the Shibarium mainnet will be on the market recently.
As we approach the midpoint of the year, SHIB is expected to hit $0.00000854 by June 1, 2023, according to Price Predictions. This means a slight decrease in price compared to the current transaction value. Of course, if there is a rise for Bitcoin (BTC), this will reflect positively on the altcoin.
Prospects are positive for Ethereum
As Cryptokoin.com stated last week, Ethereum follows the price movement of Bitcoin (BTC). However, there is also stability in price. This stability in Ethereum’s price shows investor confidence in the asset. This shows that despite the general market fluctuations, Ethereum is attracting potential investors. On the other hand, it shows that it has managed to hold the ground with a relatively stable value.
With this in mind, the platform states that the price of ETH will be $1,792 on June 1, 2023, according to the latest data accessed on May 22. Currently, Ethereum is trading at $1,792. These price movements point to a relatively stable performance with some bearish pressure in recent days. Currently, Ethereum ranks second in terms of market cap. At the time of writing, Ethereum has a market cap of $215 billion.
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