Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

We will be reviewing some of the historical price trends and market opinions so that we can formulate a price prediction for Bitcoin, Ethereum, and Ripple in June 2020.

Bitcoin Price Prediction: Analysis

Since May 8^th, Bitcoin (BTC) tested the $10,000 resistance level five times in the past 11 days. This movement may be seen as a bullish or a bearish trend based on varying perspectives. The repetitive test could either weaken the $10,000 resistance level or the resistance is so strong that the bulls cannot move past it.

After the Bitcoin halving occurred on May 11^th, Bitcoin slumped on May 12^th, below $9,000, trading between $8,600 and $8,800. On May 13^th, BTC recovered past $9,300 and continued to rise towards $9,700.

On May 18^th, Bitcoin once again shot to $9,900, getting really close to $10,000, and even surpassing that level on certain exchanges, but the price pulled back to $9,700 again.

Since then, Bitcoin has been trading tightly between $9,800 and $9,400. Today, May 28^th, BTC is trading at $9,161.20, with an increase of 3.15% in the last 24 hours.

Bitcoin Market Predictions

Tradingbeasts

Tradingbeasts foresees that BTC will open June at $8,450.192, with the maximum possible price of $10,544.857 and a minimum value of $7,170.503. The site expects that Bitcoin to have a closing price of $8,435.886, marking a change of -12.86%.

Longforecast

Longforecast’s Bitcoin price prediction for June 1^st is $10843. The maximum calculated price is $13563, while the minimum value is anticipated to be $8901. The month’s average was estimated by the site at $11332. They also expected that Bitcoin will close the month at $12021, marking a change for June of 10.9%.

Digitalcoinprice

Digitalcoinprice projected that Bitcoin will hit $22,508.40 in June, which would mean a change of 131.06%.

30rates

30rates made predictions for every day of June (except weekends), with the minimum, maximum, and closing prices for each individual day.

Gov.Capital

Gov.Capital issues predictions for all the days in June, along with the least and best possible prices for each day.

Ethereum Price Prediction: Analysis

Ethereum is starting to synchronize with most of the market to trade in a medium-term bullish trend. The altcoin exhibited sideways trading for the first weeks of May, trading between $200 and $210.

It followed BTC’s drop on May 11^th and 12^th, with ETH going below the $200 support level and trading between $190 and $185. ETH recovered on May 13^th but still kept on trading between $190 and $200.

On May 18^th and 19^th, ETH reached $214 and $215, but the bulls failed to break the $217 barrier. Today, May 28^th, ETH is trading at $206.84, with an increase of 1.21% in the last 24 hour period. The coin is facing strong resistance levels at $220 and the coin’s inability to surpass it has led to sideways trading.

Ethereum Market Predictions

Tradingbeasts

The site estimated that the starting price of Ethereum for June will be around $177.170. The website expects ETH to have a maximum price of $217.913 and a minimum of $148.181. The closing price for the month was calculated at $174.330, with a change of -18.22%.

Longforecast

Longforecast’s Ethereum price prediction for the start of June is $242. The expected max price is $292, while the min is $198. The month’s average price was estimated at around $251. The closing price for Ethereum is expected to be around $273, with a change of 12.8%.

Digitalcoinprice

Digitalcoinprice forecasted that Ethereum will be changing hands at $236.83, change for June 10.74%.

30rates

30rates made a price prediction for every day of June (except weekends), with the minimum, maximum, and closing prices for each individual day.

Gov.Capital

Gov.Capital issues predictions for all the days in June, along with the least and best possible prices for each day.

Ripple Price Prediction: Analysis

Ripple started May at $0.21 and quickly rose to $0.224 in the same day. The coin could not sustain its gains and fell back to $0.21.

XRP showed a sideways trading pattern, as it traded in the tight range of $0.21 and $0.22, failing to break the $0.23 resistance level. On May 10^th, XRP fell below $0.20, reaching a new monthly low of $0,190549. The next day, Ripple went event lower to $0,188483. On May 12^th, XRP traded all day below $0.20, at $0.19 values.

Ripple recovered to $0.20 but started a new consolidation phase between $0.19 and $0.20. Today, May 28^th, Ripple was trading at $0.195825, with an increase of 0.03% in the last 24-hour period.

According to the charts, the coin is showing short term positive momentum with a bearish long term technical position.

Ripple Market Predictions

Longforecast

Longforecast foretold that XRP would begin the month at 0.19 Dollars. They also anticipated that the maximum price would be around $0.22 and the minimum at $0.16. The expected month average was calculated at $0.19. The site estimates that XRP will close the month at a price of $0.18, change for June -5.3%.

Tradingbeasts

The XRP price is projected to reach $0.2576041 by the beginning of June 2020. The expected max price was calculated at around $0.3191464, while the minimum was set at $0.2170196. The XRP price prediction for the end of June is $0.2553171, which marks an increase of 25.14%.

Digitalcoinprice

Digitalcoinprice’s XRP price prediction is $0.45553753 in June, which indicates a change of 121.8%.

30rates

30rates made predictions for every day of June (except weekends), with the minimum, maximum, and closing prices for each individual day.

Gov.Capital

Gov.Capital issues predictions for all the days in June, along with the least and best possible prices for each day.

Conclusion

These have been our June price predictions for Bitcoin, Ethereum, and Ripple. We hope that the information we have provided will be of help in your future trading operations.

Featured image:  CCN.com