Bitcoin Stalls in June: Bull Market Fatigue or Just Catching Its Breath?
Bitcoin's price action flatlined this month—no dramatic plunges, no euphoric rallies. Just the kind of sideways grind that makes traders twitchy and analysts dust off their 'death of crypto' hot takes.
The big question: Is this consolidation before the next leg up, or are the bulls finally out of steam?
Market veterans know the drill: Every bull run has its 'boring' phases. The same institutions that once called Bitcoin a scam now whisper about 'profit-taking opportunities' while quietly accumulating. Classic Wall Street.
Meanwhile, retail investors alternate between panic-selling at minor dips and FOMO-ing back in at local tops. Rinse, repeat, and blame 'market manipulation' when it backfires.
One thing's certain: Volatility will return. It always does. Whether that means reclaiming ATHs or another gut-wrenching correction? Even the 'experts' with Bloomberg terminals are just guessing.
Bitcoin Severely Lags Tech Stocks in June 2025
For the 30 days ending Tuesday, Jun. 24, bitcoin fell more than 2%.
But global trade policy and military instability aren’t weighing on several important US tech stocks.
Santa Clara, California-based computer chipmaker Nvidia, for example, the second highest-weighted US stock by market size, gained over 9.15% in share prices.
Meanwhile, Denver, Colorado-based US data company Palantir, gained over 19.84%. Oracle, another high-tech data company, based in Nashville, Tennessee, and ranked #17 among all US companies by size, surged 32.5% for the 30-day window by market close on Tuesday.
All three companies are ultra-high market cap with many useful points of comparison to Bitcoin, the world’s leading cryptocurrency. They’ve been rallying, while BTC retraces its April and May gains.
So is the crypto rally fizzling out?
Bitcoin Price Rainbow Chart Recommends ‘BUY!’
Many experts don’t think so. A bear market in Bitcoin any time soon also does not align with the historical trend.
According to the Bitcoin Rainbow Chart, a popular trading recommendation tool based on Bitcoin’s historical price trend, the price appears far from its multi-year cycle peak.
In fact, it is comparable on the rainbow chart to previous markets like Nov. 2020 and May 2017.
The May 2017 market valued BTC at $1,434 per token on May 1. By Dec. 17, 2017, the price had skyrocketed to just above $20,000, for a 1,400% ROI in under 9 months.
The Nov. 2020 market appraised Bitcoin at $13,862 on Nov. 1. By Apr. 15, 2021, the price rallied to $62,208, for a 450% ROI in under 6 months.
Legendary veteran stock market chart trader Peter Brandt expects Bitcoin to MOVE as high as $150,00 by August or September.
In an interview on CNBC’s Squawk Box in May, Galaxy Digital founder Mike Novogratz said he expects the price to top out above $150,000 before this cycle is over.
