Analyst Astronomer Advises Caution on Bitcoin Purchases Until Late June

Crypto strategist Astronomer (@astronomer_zero) outlined a roadmap for Bitcoin's breakout on June 17, emphasizing timing as crucial for investors. He believes a significant price movement is unlikely before June 30.

Astronomer projects a continuation of the uptrend since $18,000 in 2023.
He warns against premature investments that may reduce risk-reward ratios.
He expects potential gains of over 70% from current levels.
Key price levels to watch:
- $103k: Start accumulating
- $96k: Buy heavily if reached
- $90k: Allocate most funds here
Astronomer stresses that timing is more important than price, suggesting purchases closer to the breakout period.
He notes market dynamics, including a bullish spot-to-perpetual rotation and a favorable hash ribbon signal.
For altcoins, he advises waiting for Bitcoin's breakout instead of trying to buy during downturns.
Current BTC price stands at $105,094.

Bitcoin price analysis