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Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

Anca F. by Anca F.
May 28, 2020
in Altcoin News

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 8th, 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.

Source: Tradingview

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

On May 18th, 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.

source: FX street

Since then, Bitcoin has been trading tightly between $9,800 and $9,400. Today, May 28th, BTC is trading at $9,161.20, with an increase of 3.15% in the last 24 hours.btc_may20_d-min

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 1st 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.

06/01Monday$10382$11944$11163
06/02Tuesday$10170$11700$10935
06/03Wednesday$9323$10727$10025
06/04Thursday$9071$10437$9754
06/05Friday$8901$10241$9571
06/08Monday$9720$11184$10452
06/09Tuesday$9853$11337$10595
06/10Wednesday$10015$11523$10769
06/11Thursday$9989$11493$10741
06/12Friday$9908$11400$10654
06/15Monday$10077$11595$10836
06/16Tuesday$10299$11849$11074
06/17Wednesday$10129$11653$10891
06/18Thursday$11460$13186$12323
06/19Friday$11423$13143$12283
06/22Monday$11552$13292$12422
06/23Tuesday$11789$13563$12676

Gov.Capital

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

Calendar dateRegularLeast possible priceBest possible price
2020 June
2020 June 01, Monday 9851.199 8373.51915 11328.87885
2020 June 02, Tuesday 9964.932 8470.1922 11459.6718
2020 June 03, Wednesday 10001.42 8501.207 11501.633
2020 June 04, Thursday 9737.856 8277.1776 11198.5344
2020 June 05, Friday 9704.714 8249.0069 11160.4211
2020 June 06, Saturday 9871.250 8390.5625 11351.9375
2020 June 07, Sunday 9920.028 8432.0238 11408.0322
2020 June 08, Monday 9899.593 8414.65405 11384.53195
2020 June 09, Tuesday 9898.925 8414.08625 11383.76375
2020 June 10, Wednesday 9773.157 8307.18345 11239.13055
2020 June 11, Thursday 9661.796 8212.5266 11111.0654
2020 June 12, Friday 9670.388 8219.8298 11120.9462
2020 June 13, Saturday 9631.210 8186.5285 11075.8915
2020 June 14, Sunday 9654.424 8206.2604 11102.5876
2020 June 15, Monday 9713.458 8256.4393 11170.4767
2020 June 16, Tuesday 9870.744 8390.1324 11351.3556
2020 June 17, Wednesday 9981.421 8484.20785 11478.63415
2020 June 18, Thursday 9959.721 8465.76285 11453.67915
2020 June 19, Friday 10018.81 8515.9885 11521.6315
2020 June 20, Saturday 10159.70 8635.745 11683.655
2020 June 21, Sunday 10299.39 8754.4815 11844.2985
2020 June 22, Monday 10495.64 8921.294 12069.986
2020 June 23, Tuesday 10471.14 8900.469 12041.811
2020 June 24, Wednesday 10450.90 8883.265 12018.535
2020 June 25, Thursday 10609.85 9018.3725 12201.3275
2020 June 26, Friday 11026.43 9372.4655 12680.3945
2020 June 27, Saturday 10770.82 9155.197 12386.443
2020 June 28, Sunday 10712.37 9105.5145 12319.2255
2020 June 29, Monday 10742.16 9130.836 12353.484
2020 June 30, Tuesday 10810.53 9188.9505 12432.1095

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 11th and 12th, with ETH going below the $200 support level and trading between $190 and $185. ETH recovered on May 13th but still kept on trading between $190 and $200.

On May 18th and 19th, ETH reached $214 and $215, but the bulls failed to break the $217 barrier. Today, May 28th, 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.

ETH/USD daily chart
Source: forexcrunch

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.

06/01Monday$230$264$247
06/02Tuesday$227$261$244
06/03Wednesday$203$233$218
06/04Thursday$202$232$217
06/05Friday$201$231$216
06/08Monday$214$246$230
06/09Tuesday$207$239$223
06/10Wednesday$206$236$221
06/11Thursday$203$233$218
06/12Friday$199$229$214
06/15Monday$201$231$216
06/16Tuesday$206$238$222
06/17Wednesday$198$228$213
06/18Thursday$217$249$233
06/19Friday$217$249$233
06/22Monday$216$248$232
06/23Tuesday$219$253$236

Gov.Capital

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

Calendar dateRegularLeast possible priceBest possible price
2020 June
2020 June 01, Monday 210.463 178.89355 242.03245
2020 June 02, Tuesday 213.681 181.62885 245.73315
2020 June 03, Wednesday 219.183 186.30555 252.06045
2020 June 04, Thursday 217.138 184.5673 249.7087
2020 June 05, Friday 215.723 183.36455 248.08145
2020 June 06, Saturday 227.498 193.3733 261.6227
2020 June 07, Sunday 231.420 196.707 266.133
2020 June 08, Monday 226.722 192.7137 260.7303
2020 June 09, Tuesday 227.680 193.528 261.832
2020 June 10, Wednesday 223.357 189.85345 256.86055
2020 June 11, Thursday 228.280 194.038 262.522
2020 June 12, Friday 232.776 197.8596 267.6924
2020 June 13, Saturday 234.123 199.00455 269.24145
2020 June 14, Sunday 232.928 197.9888 267.8672
2020 June 15, Monday 221.176 187.9996 254.3524
2020 June 16, Tuesday 230.176 195.6496 264.7024
2020 June 17, Wednesday 235.890 200.5065 271.2735
2020 June 18, Thursday 239.224 203.3404 275.1076
2020 June 19, Friday 242.959 206.51515 279.40285
2020 June 20, Saturday 250.088 212.5748 287.6012
2020 June 21, Sunday 247.839 210.66315 285.01485
2020 June 22, Monday 236.009 200.60765 271.41035
2020 June 23, Tuesday 232.642 197.7457 267.5383
2020 June 24, Wednesday 221.566 188.3311 254.8009
2020 June 25, Thursday 217.814 185.1419 250.4861
2020 June 26, Friday 208.029 176.82465 239.23335
2020 June 27, Saturday 194.729 165.51965 223.93835
2020 June 28, Sunday 205.443 174.62655 236.25945
2020 June 29, Monday 207.429 176.31465 238.54335
2020 June 30, Tuesday 214.089 181.97565 246.20235

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 10th, 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 12th, XRP traded all day below $0.20, at $0.19 values.

Ripple EMA test
source: FX street

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

Ripple Price Positioning For Breakout As Volatility Drops

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

Source: Bezinga

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.

06/01Monday$0.203$0.233$0.218
06/02Tuesday$0.198$0.228$0.213
06/03Wednesday$0.180$0.208$0.194
06/04Thursday$0.179$0.205$0.192
06/05Friday$0.179$0.205$0.192
06/08Monday$0.184$0.212$0.198
06/09Tuesday$0.179$0.207$0.193
06/10Wednesday$0.179$0.205$0.192
06/11Thursday$0.178$0.204$0.191
06/12Friday$0.174$0.200$0.187
06/15Monday$0.179$0.205$0.192
06/16Tuesday$0.184$0.212$0.198
06/17Wednesday$0.172$0.198$0.185
06/18Thursday$0.181$0.209$0.195
06/19Friday$0.197$0.227$0.212
06/22Monday$0.198$0.228$0.213
06/23Tuesday$0.200$0.230$0.215

Gov.Capital

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

Calendar dateRegularLeast possible priceBest possible price
2020 June
2020 June 01, Monday 0.185 0.15725 0.21275
2020 June 02, Tuesday 0.195 0.16575 0.22425
2020 June 03, Wednesday 0.197 0.16745 0.22655
2020 June 04, Thursday 0.194 0.1649 0.2231
2020 June 05, Friday 0.190 0.1615 0.2185
2020 June 06, Saturday 0.20018 0.170153 0.230207
2020 June 07, Sunday 0.2061 0.175185 0.237015
2020 June 08, Monday 0.20097 0.1708245 0.2311155
2020 June 09, Tuesday 0.193 0.16405 0.22195
2020 June 10, Wednesday 0.167 0.14195 0.19205
2020 June 11, Thursday 0.157 0.13345 0.18055
2020 June 12, Friday 0.154 0.1309 0.1771
2020 June 13, Saturday 0.147 0.12495 0.16905
2020 June 14, Sunday 0.151 0.12835 0.17365
2020 June 15, Monday 0.144 0.1224 0.1656
2020 June 16, Tuesday 0.143 0.12155 0.16445
2020 June 17, Wednesday 0.147 0.12495 0.16905
2020 June 18, Thursday 0.155 0.13175 0.17825
2020 June 19, Friday 0.159 0.13515 0.18285
2020 June 20, Saturday 0.175 0.14875 0.20125
2020 June 21, Sunday 0.173 0.14705 0.19895
2020 June 22, Monday 0.164 0.1394 0.1886
2020 June 23, Tuesday 0.162 0.1377 0.1863
2020 June 24, Wednesday 0.151 0.12835 0.17365
2020 June 25, Thursday 0.155 0.13175 0.17825
2020 June 26, Friday 0.148 0.1258 0.1702
2020 June 27, Saturday 0.134 0.1139 0.1541
2020 June 28, Sunday 0.130 0.1105 0.1495
2020 June 29, Monday 0.124 0.1054 0.1426
2020 June 30, Tuesday 0.126 0.1071 0.1449

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

Tags: Bitcoin price predictionBTC price predictionETH price predictionEthereum price predictionprice predictionprice prediction June 2020Ripple price predictionXRP price prediction
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Invest at your own risk notice : The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

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