3 solid Bitcoin indicators predicting BTC price rise to $75K in June
A breakout from Bitcoin’s symmetrical triangle pattern is imminent as long-term holders continue to accumulate.
Bitcoin (BTC) has surged by over 60% year-to-date as of May 2024, helped by capital inflows toward its newly-introduced exchange-traded funds (ETF) in the U.S. and expectations of interest rate cuts by the Federal Reserve.
According to a mix of on-chain, fundamental, and technical indicators, the benchmark cryptocurrency may witness further gains in June, potentially reaching $75,000 by the end of the month. Let’s discuss these indicators in detail.
From the technical perspective, Bitcoin’s ability to reach $75,000 comes from its prevailing symmetrical triangle pattern, characterized by the price consolidating between two converging trendlines connecting a series of sequential peaks and troughs.
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Author: Yashu Gola
