Are We Expecting A Bitcoin Bull Run? 3 Indicators Pointing to a $75K June

For Bitcoin enthusiasts, 2024 has been a wild ride. We’ve witnessed a staggering 60% surge year-to-date, fueled by the long-awaited arrival of Bitcoin ETFs in the US and whispers of interest rate cuts from the Federal Reserve. But is this just the beginning?

Analysts are pointing to a confluence of factors suggesting a potential breakout for Bitcoin in June, with a price target as high as $75,000.

Interested? Let’s dive into the three key indicators that have me, a fellow Bitcoin believer, feeling bullish.

The Symmetrical Triangle Breakout

Source: Trading View. A visual representation of the Bitcoin (BTC) price movement over the past four hours.

Imagine a triangle forming on your price chart, with the price steadily rising and consolidating between two converging lines. That’s a symmetrical triangle, and for Bitcoin, it’s a bullish sign.

This pattern typically indicates a continuation of the uptrend, with a breakout signaling a significant price increase.