Bitcoin Activity Through June Is Predicted By Analyst

It’s been just reported that Bitcoin activity through June has been predicted by an important analyst. Check out the latest reports about the price of the most important digital asset below.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $26,918.

A widely followed crypto trader says king crypto Bitcoin (BTC) may fall further in June before rebounding.

Crypto analyst Justin Bennett tells his 112,600 Twitter followers that $25,000 might be the next stop for BTC.

“BTC is still catching a bid at $26,560, but if this level fails, $25,000 is next.

While many will bid $25,000 for a macro long, I think we see lower in the coming weeks.

Something like this is my base case but may be tweaked as things unfold.”

Diving deeper into the situation in a new blog post, Bennett says he is bearish on BTC for now.

“Bitcoin is once again testing the $26,560 key horizontal support after getting rejected from the mid-March trend line at $27,500…

The $27,500 area was our target on a long following the $26,560 reclaim on May 12th.

Bitcoin bulls failed to close BTC above $27,500 this week, which leaves me relatively bearish for now.

That said, a daily close below $26,560 is required to open up downside targets like $25,000.

That was range resistance for BTC between August 2022 and February 2023.

Although many will bid Bitcoin in the $25,000 region, looking for $30,000 or higher, I think we see the market eventually break below $25,000 after some consolidation.

My target over the next few weeks is the $23,000 region, the measured objective of the triangle shown below…”

US banking giant Wells Fargo has agreed to pay $1 billion to settle a class-action lawsuit connected to illegal practices that regulators say the bank perpetrated on the American public.

The settlement stems from a series of fraudulent business practices that Wells Fargo systematically deployed against its customers. The latest info is according to the Consumer Financial Protection Bureau (CFPB).