Accurate Bitcoin Price Prediction for June 24, 2024: Will BTC Hit $56,800?

Weekly Bitcoin Price Prediction (June 24, 2024)

Let's take a look at the Bitcoin price prediction for June 24, 2024. What is the target price for this week? The target remains approximately $56,800, and our theory of $56,800 is reinforced by the declining highs and lows visible in the charts. Once the price reaches $56,800, we will need to assess whether liquidity appears or if it continues the current medium-term downward trend.

Daily Bitcoin Price Analysis

Having analyzed the weekly price target, let's now examine the daily scenario for Bitcoin. Looking back, we can see that yesterday, Bitcoin lost the $63,387 support level. As a result, the next support for Bitcoin is $60,769. However, this would be the daily scenario for Bitcoin as of today, June 24, 2024.

If liquidity does not appear at $60,769 (which is quite likely), Bitcoin will head towards $56,800, our medium-term price prediction that we've been emphasizing for days.

Disclaimer and Final Thoughts

At this point, I want to clarify that nothing in this post is investment advice; rather, it is my personal opinion on what I believe Bitcoin will do today. With that said, let's continue.

Despite my price prediction, which suggests a bearish trend, could we experience a bear trap? No scenario can be ruled out, and indeed, a bear trap could be an option. However, I reiterate my position and maintain my medium-term bearish outlook.