Bitcoin (BTC) and the rest of the cryptocurrency market started June trading on a descending pattern amidst regulatory pressure on the industry. However, over the last few days, Bitcoin’s price has experienced a rapid rally propelled by the news of institutional interest in spot Bitcoin ETF.
Although the flagship token soared past the $30k mark, bearish pressure has set in pushing the token to the $29k region. Meanwhile, Tradecurve, a relatively new token, is on a bullish momentum and bulls are gearing to push the price from $0.018 to $0.025. Where would the prices of BTC and TCRV end up in June?
Bitcoin Bulls Look To Regain Control. Where could prices end up in June?
On June 14th, Bitcoin’s price dropped below $25,000, after a wave of bearish news such as lawsuits from the Securities and Exchange Commission (SEC). However, the tide turned once again with the emergence of BlackRock’s announcement of filing for a Bitcoin spot ETF. Following this news, Bitcoin witnessed a surge of more than 20%. By press time, Bitcoin is trading at $30,143.75, with a slight increase of -0.49% over the last 24 hours.
Currently, Bitcoin bulls are trying to regain control of the market and are approaching the critical level of $31,839, which marks the midpoint of a range spanning from $48,192 to $15,487. Looking from a long-term perspective, a retracement could occur if the coin successfully retests the $31,389 resistance.
Considering the price fluctuations of Bitcoin observed at the beginning of 2023, cryptocurrency experts predict an average BTC rate of $29,464.50 in June 2023. However, with the current bullish momentum, if Bitcoin holds above the $30,000 support, the flagship cryptocurrency could make a run at the $32,000 resistance. Many experts predict that this resistance would hold, but if Bitcoin breaks above this region,
Tradecurve (TCRV) Bulls Look To Regain Control. Where Could Prices End Up In June?
Like Bitcoin, Tradecurve (TCRV) has shown strong bullish momentum over the last week. During this period, the price of TCRV has increased by 20% to set a new trading high of $0.018. With Tradecurve building even more bullish momentum as more traders jump into its platform, TCRV bulls are now eyeing the $0.025 price mark as the next target for June.
Meanwhile, market analysts and investors are more optimistic about the long-term trajectory of TCRV, anticipating further bullish momentum. A major consensus is that the price of TCRV would breach the $1 mark before the end of 2023.
This projection has ignited enthusiasm and anticipation among investors regarding the future prospects of the project. Notably, Tradecurve surpasses exchanges like Kraken and Gemini in terms of anonymous trading and low trading fees.
Additionally, the platform provides access to a diverse range of trading assets, including commodities, CFDs, forex, cryptocurrencies, bonds, and stocks. Furthermore, Tradecurve prides itself on offering one of the lowest trading fees in the cryptocurrency industry, making it an appealing choice for traders.
