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Bitcoin (BTC) To Take Off In June? Analyst Locks Target At $175,000

Bitcoinist LogoBitcoinist1d ago

Bitcoin (BTC) To Take Off In June? Analyst Locks Target At $175,000 - Bitcoinist

Quick Summary:

Since hitting a new all-time high in January, Bitcoin (BTC) has struggled to establish a bullish form resulting in a downtrend that has lasted over the last two months.

According to prominent market analyst Egrag Crypto, the premier cryptocurrency could likely remain in correction for the next few months before launching a price rally.

Notably, this development suggests that investors are hesitating to deposit or withdraw Bitcoin on exchanges perhaps due to market uncertainty on the asset’s immediate future trajectory.

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Bitcoin (BTC) To Take Off In June? Analyst Locks Target At $175,000 - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-06 @ 00:30:47 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 421 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 27608467

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 7 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 12 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions

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The story "Bitcoin (BTC) To Take Off In June? Analyst Locks Target At $175,000" has 421 words across 33 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Bitcoin (BTC) To Take Off In June? Analyst Locks Target At $175,000" was covered 1 days ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 7 news stories per day.

It's most recent story was published 12 hours ago.

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  • News ID: #27608467
  • URL: https://chronographically.beamstart.com/news/bitcoin-btc-to-take-off-17439020588814

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