Bitcoin Price Prediction Following Analyst’s Bull Market Projections – Will BTC Repeat History?

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Arslan Butt
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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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Bitcoin Price Prediction
Bitcoin Price Prediction

Bitcoin (BTC/USD) is currently trading at $69,300, up 0.17% in the 2-hour timeframe, signalling a bullish Bitcoin price prediction, especially as it stays above the $69,100 level.

According to CoinShares International Ltd., crypto asset inflows reached $185 million in the week ending May 31. Throughout May, investors poured $2 billion into digital-asset investment products, including Bitcoin exchange-traded funds.

Earlier this week, Bitcoin briefly surged above $70,000, indicating strong market confidence despite mixed performances from other cryptocurrencies.

Analysis of TechDev’s Tweet on Bitcoin and M1 Money Supply

TechDev’s tweet highlights a significant pattern in Bitcoin’s price behavior concerning its relationship with the M1 money supply. The M1 money supply includes physical currency and coin, demand deposits, traveler’s checks, and other checkable deposits. It represents the most liquid forms of money.

According to TechDev, Bitcoin has historically experienced “blow-off tops” — dramatic increases in price followed by sharp declines — only after breaking out against the M1 money supply.

TechDev notes that the duration of Bitcoin’s consolidation period — a phase where the price moves within a narrow range before breaking out — correlates with the length of its subsequent bullish run.

The longer the consolidation, the more substantial the run. In this case, TechDev emphasizes that the current breakout is following Bitcoin’s longest consolidation period to date.

Implications for Bitcoin Price

If TechDev’s observation holds, Bitcoin’s recent breakout against the M1 money supply signals a potential for a significant price increase. The extended consolidation suggests that Bitcoin might be poised for an extensive upward trend, potentially reaching new highs.

Crypto Asset Inflows Reach $185 Million; Bitcoin Surges Above $70,000


Crypto asset inflows totalled $185 million in the week ending May 31, according to CoinShares International Ltd. Investors funnelled $2 billion into digital-asset investment products, including Bitcoin exchange-traded funds (ETFs), during May.

On Monday, Bitcoin briefly surpassed $70,000 for the first time in a week, although most other cryptocurrencies showed mixed performance after an initial rise.

Key Points:

  • $185 million inflows in one week
  • $2 billion invested in May
  • Bitcoin surged above $70,000

This strong inflow indicates growing investor confidence in digital assets, particularly Bitcoin, despite market volatility.

Bitcoin Price on a Rise; More Upside Ahead?


Bitcoin (BTC/USD) is trading at $69,300, up 0.17% in the 2-hour timeframe, signalling a bullish Bitcoin price prediction, especially over the $69,100 level.

The pivot point at $69,100 serves as a crucial support level. Immediate resistance is identified at $69,600, with further resistance levels at $70,300 and $70,900.

Bitcoin Price Prediction
Bitcoin Price Prediction

On the downside, immediate support is at $68,400, followed by $67,900 and $67,300. The Relative Strength Index (RSI) at 63 indicates a slightly overbought market condition, while the 50-day Exponential Moving Average (EMA) at $68,300 provides additional support.

Given the current technical setup, the outlook remains cautiously optimistic above the pivot point, with the potential for further gains if resistance levels are breached.

Entry for a bullish position is recommended above $69,100, with a take profit target at $70,300 and a stop loss at $68,400 to manage risk effectively.

Mega Dice Presale Nears Final Stage with $1.34M Raised: Last Chance Before Price Increase


The Mega Dice presale is nearing its final stage, having raised $1.3 million with over 19 million $DICE tokens sold out of 28 million. This surge in investment underscores the growing interest in crypto-integrated iGaming platforms within the Web3 space, where Mega Dice is making significant strides.

Another milestone for Mega Dice Casino is reaching 10,000 members in the $DICE Telegram SuperCommunity. This active community engages in daily discussions about $DICE, utilities, and partnerships and provides technical support.

In the expanding GambleFi sector, Mega Dice leverages its $DICE token to enhance the online gaming experience. Players use $DICE for gameplay, gaining entry into exclusive competitions and access to a loyalty program offering generous rewards and VIP experiences.

Mega Dice’s buyback and burn strategy aims to maintain token scarcity and boost market value. With the presale ending soon and the next price stage imminent, now is a pivotal moment for potential investors.

Stay updated with Mega Dice’s latest on platforms like X/Twitter and Telegram, and consider joining the presale before the price increases to $0.075 per $DICE token.

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