Bitcoin

<h3 id="strong-disclaimer-strong">Disclaimer</h3>The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices.In a thrilling turn of events, Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) has managed to stage a remarkable recovery in 2023 after a tumultuous ride the previous year.Despite enduring volatile swings and <a href="https://finbold.com/category/regulations-news/" rel="noopener noreferrer nofollow">regulatory</a> headwinds, Bitcoin has shown immense resilience and garnered renewed investor interest.However, more recently, the world’s most popular cryptocurrency witnessed notable selling pressure once again as intensifying regulatory heat, particularly the SEC’s <a href="https://finbold.com/coinbase-sued-by-sec-in-new-york-federal-court/" rel="noopener noreferrer nofollow">legal actions</a> against major exchanges like <a href="https://finbold.com/review/binance-review/" rel="noopener noreferrer nofollow">Binance</a> and <a href="https://finbold.com/review/coinbase-review/#:~:text&#61;Today%2C%20Coinbase%20is%20thriving.,2021%2C%20according%20to%20Finbold%20analysts." rel="noopener noreferrer nofollow">Coinbase</a>, casts a shadow of uncertainty over the future of <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrencies</a>.To gain fresh insights, Finbold tapped the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">crypto</a> community over on CoinMarketCap on June 14, utilizing its popular price estimate solution with the BTC community having an impressive accuracy rate of 84.55% in predicting the digital assets performance over the past six months to gauge its price by the end of the month.Now, the community predicts an average Bitcoin price for June 30, 2023, of $25,087, suggesting a 3.45% drop from the coin’s current price.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/cad3f60f755f493a984ea1e60b825147.png" />CoinMarketCap community’s Bitcoin price prediction for June 30. Source: CoinMarketCapThe most recent prediction, for the end of May 2023, had an accuracy of 91.14%.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/26f50ebaf10549ad8cebe254e478d53f.jpg" />CoinMarketCap community’s price estimation accuracy over the past 6 months. Source: CoinMarketCap<h2 id="header-0">Bitcoin (BTC) price analysis</h2>At the time of publication on Wednesday, June 14, BTC was changing hands at $25,952, down 0.78% on the day.Over the past week and month, BTC lost 2.6% and 5.3%, respectively, according to the latest price data. Notably, the leading crypto asset experienced a significant <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">trading</a> range in the past 30 days, from $25,586 to $28.253.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/268e82af11694c238fe83e2a5edc6258.jpg" />BTC 1-month chart. Source: FinboldHowever, despite the recent negative price action, pseudonymous crypto analyst Moustache, highlighted Bitcoin is currently trading above its exponential <a href="https://finbold.com/guide/moving-average/#:~:text&#61;Moving%20average%20definition,%2Dto%2Dday%20price%20fluctuations." rel="noopener noreferrer nofollow">moving average</a> (EMA) on 20 observed time patriots, indicating two bars in its <a href="https://finbold.com/guide/bollinger-bands-definition/" rel="noopener noreferrer nofollow">Bollinger Band</a> width percentile (BBWP).<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ed050fcce3614c73841556ec02eec1bf.PNG" />Bitcoin repeating the pattern that has led to significant bull runs historically. Source: Twitter: el_crypto_profThe same chart pattern was spotted in 2016, the analyst noted, ahead of a “mega <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bull</a> run,” which led to a price increase of 3,200%.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>

Crypto community with 85% historical accuracy sets BTC price for June 30, 2023

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