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5 Experts Talk to Bloomberg: Could There Be a ‘Bitcoin Miracle’ in June?

While Bitcoin was disappointing in the spring months, crypto investors are wondering where the BTC price will go in June.

5 Experts Talk to Bloomberg: Could There Be a ‘Bitcoin Miracle’ in June?

As uncertainty and geopolitical tensions continue in the global economy, Bitcoin (BTC) again fell below the $30,000 level.

Bitcoin to Follow S&P 500 and Nasdaq

High inflation figures in the USA and European Union countries forced central banks to increase interest rates, which deeply affected stocks and the cryptocurrency market. While more interest rate hikes are expected in the medium term, risky assets, including cryptocurrencies, are experiencing huge selling pressure. The tech-heavy Nasdaq fell 27% in 2022, while Bitcoin tumbled 39%. BTC has dropped 58% since hitting all-time highs on November 10 last year. Chris Gaffney, head of world markets at TIAA Bank, said in an interview with Bloomberg:
 Markets currently pose great risk to assets that rely on speculative dynamics such as cryptocurrencies
While Bitcoin was disappointing in the spring months, crypto investors are wondering where the BTC price will go in June. Fundstrat Global technical strategist Mark Newton said that crypto investors should follow the US stock markets closely to buy Bitcoin at an affordable price, adding:
 If the S&P 500 drops a little more, it will create a great buying opportunity for Bitcoin. We will witness a lot of decline in the coming months as well.

It will be stagnant in June

As we enter June, Noelle Acheson and Konrad Laesser of Genesis Global Trading believe that the Bitcoin price will remain highly volatile. Experts emphasized that Bitcoin will be traded between $29,000 and $31,000 over the next few weeks. Rick Bensignor, chairman of Bensignor Investment Strategies, also does not think there will be a big rise next month. According to the manager, June will also be stagnant and risky. Looking at the charts, Bensignor said that BTC has strong support at $28,900.

Christine Lagarde, President of the European Central Bank, who is one of the first names that comes to mind when it comes to anti-cryptocurrency, again came to the fore with her statements. Speaking to Dutch television, Lagarde did not change his stance again and noted the following:
 “Cryptocurrencies have no value. Central Banks are behind fiat currencies. Cryptocurrencies are risky and not based on a reliable system. We have witnessed this in recent events.

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton Theblockchainnew.com he is the editor-in-chief of the news portal. Blockchain is love.

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