Price analysis 6/1: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Price analysis 6/1: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB – Mail Bonus

Bitcoin (BTC) has started June by tentative, indicating that the bears have not gone to sleep yet. Although Bitcoin has a nearly 55% discount on its historic high of $ 69,000, whales and institutions remain cautious and have not entered the market vigorously, according to BlockTrends analyst Caue Oliveira.

According to the CryptoQuant Contributor Venturefounder, if Bitcoin repeats a historical pattern seen after previous halves, then a bottom could form between $ 14,000 and $ 21,000 over the next six months. After that, Bitcoin could hit around $ 28,000 to $ 40,000 for most of next year and be around $ 40,000 in halves.

Daily performance of the cryptocurrency market. Source: Coin 360

The Crypto bear market has not prevented Goldman Sachs from exploring the possibility of integrating its derivatives into FTX.US derivatives. This indicates that the investment bank expects demand for derivatives to increase in the future.

Has Bitcoin started bottoming out? Is the short-term downward trend in altcoins over? Let’s look at the charts of the top 10 cryptocurrencies to find out.