Due to its high return potential and innovative technological features, the crypto market has remained popular among investors and enthusiasts. Thanks to the many changes made in the crypto scene, there is a sense of excitement and positive anticipation in June 2023. In this environment, AI predicts the end-June price of BTC, SHIB and LUNC.
AI sets BTC, SHIB and LUNC price for June 30
BTC price prediction
Bitcoin (BTC) is still trying to reach the psychologically important $28,000 level. In this environment, the leading crypto is starting to show some positive signs. This indicates that there may be a further rise until the end of June. In this context, we consulted the machine learning algorithm on the cryptocurrency analysis and prediction platform PricePredictions. Artificial intelligence has determined the price of Bitcoin for June 30 at $27,540.35.
Bitcoin 30-day price prediction / Source: PricePredictionsThe algorithm makes predictions based on indicators such as moving average convergence divergence (MACD), average true range (ATR), Bollinger Bands (BB) and others. If this prediction comes true, it would mean a 1.59% increase over the current price of Bitcoin.
SHIB price prediction
Shiba Inu, the second largest meme coin, experienced a notable surge in 2023. SHIB once again caught the attention of the crypto community with a huge rise in February. However, it has experienced a significant decline in recent weeks. This, in turn, highlighted the inherent volatility of the crypto market. However, there is growing excitement about the imminent Shibarium update. The machine learning algorithm at PricePredictions determined the SHIB price for June 30 at $0.000008327. If the prediction comes true, the price of SHIB will witness a 1.66% drop from $0.000008472 at the time of writing.
30-day price forecast for SHIB. Source: PricePredictionsLUNC price prediction
Terra Classic (LUNC), the original Blockchain of the collapsed Terra (LUNA) ecosystem, has recently witnessed a notable surge of more than 30% at one point. This increase came as a beacon of hope amid weeks of pessimistic market sentiment. It is possible to attribute the increase in value to the joint efforts of the LUNC community, which is actively implementing a number of initiatives aimed at increasing the utility and functionality of the network. These initiatives have caught the attention of investors, who are now eagerly speculating on the potential trading implications of this latest momentum.
On the other hand, investors are looking at where the price can be traded with the latest momentum. The machine learning algorithm at PricePredictions determined the price of LUNC for June 30 at $0.000101. If this prediction comes true, it would mean a notable 3.6% increase from LUNC’s current price level.
30-day LUNC price forecast. Source: PricePredictionsWill Bitcoin’s price continue to drop?
Crypto analyst Florence Muchai assesses the technical outlook for Bitcoin and altcoins. On May 11, Bitcoin price dropped after a head and shoulders pattern was broken (red icon). Bears should pay attention to the head and shoulder motif. So this breakup was already expected. However, the price action following the breakout has been rather erratic. Instead of falling sharply, Bitcoin’s price rose twice on May 30 and briefly traded above the middle line of the pattern. However, shortly after that, it started to fall again. As a result, the head and shoulders formation was probably invalid.
Therefore, the descending parallel channel is the next most likely arrangement. If this theory is correct, the downtrend started on May 31 when the price encountered resistance on the red icon line. As the price declines, it is likely to test the $25,000 support line drawn along the channel. This is the 0.382 Fibonacci retracement support level based on the size of the entire uptrend. This makes it a potentially important support level. The RSI phenomenon supports this theory.
BTC Daily Chart / Source: CoinmarketcapAltcoins see growth
Experts predict that other cryptocurrencies will grow significantly in June 2023. They predict that the transition to Ethereum 2.0 will continue the growth trend of Ethereum. Also, Cardano, Polkadot, and Solana are just a few examples of cryptos that are expected to grow significantly as their uses evolve and gain immense popularity. As you follow on Kriptokoin.com, ETH price increased more in BTC throughout May. This will likely continue in June as well.
ETH Daily Chart / Source: CoinmarketcapSince the beginning of 2022, the ETH/BTC pair has been trading inside a parallel bearish channel. It reverberated in the very center of the channel in April 2023. This was the second time he made a jump on the line in question. Price action at the top of the channel indicates a possible channel breakout.
Also, the most talked about meme-coin in May, PEPE, became one of the highest earners of all time. PEPE hit an all-time high on May 5, before the price plummeted. According to experts, despite this decline, a recovery in June is possible. Several factors stand out as the reason for this. A falling parallel channel has been controlling the decline since May 13. As the channel is a corrective pattern, the most likely outcome to break the channel was on May 31, when the market recovered from the green support line of the channel. The lowest recorded RSI value (green circle) coincided with the recovery. The indicator has risen since then.
PEPE Daily Chart / Source: Coinmarketcap
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