BTC Price Prediction: Will the Bullish Trend Continue in June?

• Technical Indicators: MACD and Bollinger Bands hint at a potential rebound.
• Institutional Demand: $85B corporate holdings signal long-term confidence.
• Regulatory Catalysts: ETF filings and security innovations may drive volatility.

BTC Price Prediction

BTC Technical Analysis: Key Indicators to Watch

According to BTCC financial analyst William, BTC is currently trading at 103,970.48 USDT, slightly below the 20-day moving average (MA) of 106,664.81. The MACD indicator shows a bullish crossover with values at 1226.67 (MACD line), -1168.05 (signal line), and 2394.72 (histogram). Bollinger Bands suggest a potential reversal as the price approaches the lower band at 102,276.47, while the upper band stands at 111,053.16.

William notes, 'The MACD divergence and proximity to the lower Bollinger Band indicate a possible buying opportunity, but traders should monitor the 20-day MA for confirmation of a bullish trend.'

Market Sentiment: Institutional Adoption and Regulatory Developments

BTCC financial analyst William highlights mixed market sentiment driven by institutional adoption and regulatory news. Corporate Bitcoin holdings have surged to $85 billion, signaling strong institutional interest. However, Bitfinex Bitcoin longs are at their lowest since December, which historically precedes rallies.

William states, 'High-profile events like Trump’s Truth Social filing for a bitcoin ETF and VerifiedX’s security innovations could catalyze price movements. The market dip, amplified by Scottie Pippen’s tweet, may be temporary as bullish technical patterns emerge.'

Factors Influencing BTC’s Price

High-Risk Trader James Wynn Loses $25 Million in Bitcoin Leveraged Liquidation

James Wynn, a cryptocurrency trader notorious for his aggressive strategies, has suffered another significant loss. His latest Bitcoin position, leveraged at 40x, was partially liquidated for $25 million. This marks yet another chapter in Wynn's history of high-stakes, high-loss trading.

Despite previous setbacks—including a staggering $1.25 billion loss—Wynn remains undeterred. He recently reopened a long position worth $100 million in Bitcoin, only to see 240 BTC vanish in the liquidation. His approach blurs the line between calculated risk and reckless gambling.

The crypto market offers no mercy to those who overleverage. Wynn's persistent losses underscore the dangers of speculative excess in digital asset trading. His story serves as a cautionary tale for traders chasing outsized gains without risk management.

VerifiedX Launches Vault Accounts – A New Era for Bitcoin Security

VerifiedX, a decentralized Layer 1 blockchain protocol, has introduced Vault Accounts, an on-chain custody solution designed to enhance Bitcoin security and user control. This innovation eliminates the need for intermediaries, offering features like time-locked transactions, one-click recovery, and trustless escrow.

The launch marks a significant milestone in blockchain history, providing a decentralized method to store, manage, and recover Bitcoin with full on-chain logic. Users can mint vBTC (Verified Bitcoin) and leverage advanced functionalities such as transaction callbacks and programmable storage.

"For the first time, Bitcoin holders can secure their assets without relying on bridges, third-party custody, or smart contracts," said a VerifiedX Core contributor. The solution is poised to redefine crypto security standards.

Scottie Pippen’s Bitcoin Tweet Fuels Buzz Amid Market Dip

NBA Hall of Famer Scottie Pippen sparked a wave of discussion in the crypto community with a succinct tweet: "Study Bitcoin." The two-word post went viral as Bitcoin’s price dipped 2%, sliding from nearly $107,000 to around $104,630. Pippen’s timing was uncanny—his message, though brief, echoed the long-term mindset championed by Bitcoin maximalists during periods of volatility.

Once better known for his basketball prowess than his crypto acumen, Pippen has gradually carved out a niche in the digital asset space. His recent social media activity blends humor with cryptic nods to Bitcoin culture, including a joke about Satoshi Nakamoto appearing in a dream with price predictions. This latest tweet, however, struck a more serious tone, aligning with the philosophy of figures like Michael Saylor—advocating education over reactionary trading.

Trump’s Truth Social Advances Plans for Spot Bitcoin ETF Amid Regulatory Race

Truth Social, the social media platform tied to former U.S. President Donald Trump, is accelerating efforts to launch a spot Bitcoin ETF. Yorkville America Digital, the fund's sponsor, filed an S-1 registration with the SEC just two days after submitting a 19b-4 proposal—an unusual reversal of the typical filing sequence. The expedited 19b-4 submission binds the SEC to a 240-day decision deadline, while the S-1 lacks such constraints.

The proposed 'Truth Social Bitcoin ETF' would custody assets with Foris DAX Trust Company, which also handles Crypto.com's holdings. If approved, it would enter a crowded market dominated by BlackRock's record-breaking iShares Bitcoin Trust (IBIT) and offerings from Grayscale, Fidelity, and others. NYSE Arca's premature filing of documents ahead of Truth Social raises questions about the strategic timing of regulatory submissions.

Trump's Truth Social Files S-1 for Bitcoin ETF, DJT Stock Dips 2.36%

Truth Social, the media platform tied to former US President Donald Trump, has submitted an S-1 filing with the SEC for a spot Bitcoin ETF. The move follows NYSE Arca's regulatory submission for the proposed fund. TRUMP Media & Technology Group (DJT) shares fell 2.36% to $21.36 amid the announcement.

The filing reveals Foris DAX Trust Company as custodian and plans to track Bitcoin's price using the CME CF Bitcoin Real Time Index - mirroring existing spot Bitcoin ETFs. Notably absent are key details like management fees and the fund's ticker symbol. "The Trust is intended to provide a way for Shareholders to obtain exposure to bitcoin by investing in the Shares rather than by acquiring, holding and trading bitcoin directly," states the prospectus.

Bitcoin (BTC) Prepares for Potential Upswing Amid Bullish Technical Patterns

Bitcoin shows signs of resurgence after two weeks of consolidation below its $112,000 all-time high. A descending channel formation—traditionally a bullish continuation pattern—suggests an impending breakout, with the Stochastic RSI crossover reinforcing upward momentum.

Critical resistance lies at current levels, but a decisive push above the channel's upper boundary could reignite the rally. Traders eye the $102,000 support zone as crucial defense against downside volatility, while a breach of the bull flag on daily charts may signal the next leg upward.

Weekly timeframes maintain constructive structure with higher highs and lows, though the specter of a double-top pattern warrants caution. Market participants await confirmation whether institutional flows and spot ETF demand can propel BTC past psychological resistance levels.

Can Bitcoin Price Maintain Bullish Trend In June Despite Recent Pullback?

Bitcoin's recovery trajectory since April, marked by an ascending price channel, faced a setback last week as bearish momentum triggered a breakdown below this critical level. The cryptocurrency shed over 6% of its value in late May, finding temporary support near $104,000—a level coinciding with a retest of the 50% RSI threshold.

Market turbulence intensified as leveraged positions unwound, with long liquidations exceeding $200 million during Friday's sell-off. Recent data shows a sharp decline in liquidation activity, with only $9.6 million in long positions liquidated in the past 24 hours—three times the volume of short liquidations. This suggests decreasing leverage appetite across exchanges.

The breach of Bitcoin's ascending channel now raises the specter of extended downward pressure, with $102,000 emerging as the next significant support zone. Institutional demand—a key driver of BTC's 2024 rally—showed notable cooling in May's final week, casting doubt on immediate bullish prospects.

Bitcoin Life Insurance Firm Meanwhile Shares First Audit

Bermuda-based Meanwhile, a life insurance firm operating exclusively in bitcoin, has released its 2024 audited financial statements—marking a milestone as one of the first fully bitcoin-denominated companies to undergo a financial audit. CEO Zac Townsend emphasized the firm's adherence to traditional insurance models while transacting entirely in BTC. Clients pay premiums and receive payouts in bitcoin, unaffected by fiat currency fluctuations.

Harris & Trotter's audit revealed Meanwhile held 220.4 BTC in total assets with 25.29 BTC net income for 2024. Unlike treasury-focused firms like Metaplanet, Meanwhile accumulates bitcoin through operational revenue rather than financial products. Bermuda regulations prohibit asset sales, as most holdings are client custodial assets.

"Life insurance functions as savings with mortality protection," Townsend noted, drawing parallels to the 1706 founding of London's first life insurer. The audit demonstrates bitcoin's viability as a unit of account for regulated financial services.

Core Foundation Expands Validator Set with BitGo and KODA, Boosting Bitcoin-Native DeFi

Core Foundation, the entity behind a Bitcoin-secured Proof-of-Stake Layer 1 with over $500 million in staked BTC, has onboarded BitGo and KODA as validators. This move signals growing institutional interest in Bitcoin-native DeFi infrastructure.

BitGo brings regulatory credibility as a U.S.-qualified custodian, while Korea's KODA, powered by Nodeinfra, expands Core's Asian footprint. The validator set now comprises 29 members, strengthening network security and institutional trust.

"These custodians will accelerate scalable Bitcoin yield products," said Brendon Sedo, Core's initial contributor. Nodeinfra CEO John Youngseok Yang highlighted the partnership's role in establishing institutional BTC staking in Korea, where crypto ownership exceeds 20% of the population.

Bitfinex Bitcoin Longs Hit Lowest Since December, Signaling Potential Rally

Leveraged Bitcoin longs on Bitfinex have plummeted to 47,691, the weakest level since December, according to TradingView data. This decline, which began in April as Bitcoin surged from $75,000 to record highs above $110,000, may signal further upside for the cryptocurrency.

Analytics firm Alphractal notes the inverse relationship between Bitfinex long positions and Bitcoin's price trajectory. "When Bitfinex Long Positions rise, the price tends to fall. When Long Positions drop, the price usually goes up," the firm observed. This contrary indicator suggests traders frequently misjudge market direction, leading to liquidations that propel prices the opposite way.

João Wedson of Alphractal emphasizes: "As long as Bitfinex Long Positions keep dropping, Bitcoin will continue to rise." The pattern has held since 2021, with major rallies consistently following contractions in leveraged longs.

Corporate Bitcoin Holdings Surge to $85B Amid Institutional Adoption Wave

Bitcoin's foothold in corporate treasuries has expanded dramatically, with 116 public companies now holding 809,100 BTC worth approximately $85 billion as of May-end. This marks a 159% year-over-year increase from the 312,200 BTC held in mid-2023, according to Binance Research. Nearly 100,000 BTC flooded into corporate balances in just eight weeks since April.

The acceleration reflects both price appreciation and structural shifts. FASB's new fair-value accounting rules now permit companies to book unrealized BTC gains, removing a key barrier to adoption. Political tailwinds emerged as the Trump administration established a Strategic Bitcoin Reserve and dropped multiple SEC enforcement actions against crypto firms.

MicroStrategy continues to dominate corporate holdings with >70% share, though new entrants like GameStop signal broadening adoption. The trend coincides with Trump's pro-crypto campaign rhetoric pledging to make the U.S. the 'crypto capital of the planet.'

Will BTC Price Hit 100000?

William from BTCC suggests that BTC's current technical setup and institutional inflows support a bullish outlook. Key data:

While the $100,000 target is plausible, William advises caution until the price sustains above the 20-day MA.