Bitcoin Price Expected to Swing to $94K or $114K Amid Market Uncertainty
Following the FOMC meeting, Fed Chair Jerome Powell confirmed no rate cuts, keeping Bitcoin's price within the $104,000-$110,000 range. Retail investors are uncertain about the next price movement.
Bitcoin Price Prediction
A poll by analyst Matthew Hyland revealed:
- 50.2% expect Bitcoin to drop to $94,000 after losing the $100K support.
- 49.8% predict a rise to $114,000.
This indicates a potential 10% price swing in either direction.
Despite geopolitical tensions, Bitcoin has shown resilience. Institutional interest is growing, notably through inflows into spot Bitcoin ETFs like BlackRock’s IBIT.
As of June 20, the Crypto Fear & Greed Index shifted from "Greed" to "Neutral," scoring 54 out of 100.
Market Sentiment
Retail sentiment towards Bitcoin is low, similar to levels seen in April during tariff concerns. According to Santiment:
“1.03 bullish comments for every 1 bearish comment” reflects a bearish outlook.
Brian Quinlivan noted impatience among traders and increasing whale activity with 231 new wallets accumulating over 10 Bitcoin.
Bitcoin Hyper Presale
The Bitcoin Hyper presale aims to enhance transaction efficiency. Key features include:
- Fast, cost-effective payments.
- Use in payments, meme coins, and dApps.
Tokenomics includes:
- Treasury (25%) for growth and initiatives.
- Marketing (20%) for awareness.
- Rewards (15%) for staking and giveaways.
- Listings (10%) for exchange allocations.
- Development (30%) for Layer 2 solutions.
Bitcoin Hyper offers a staking yield of 575%, with over $1.3 million raised. Tokens are priced at $0.0119 each during the presale.