Solana rallied nearly 5% on Friday, down nearly 10% in the past week. The Ethereum competitor is likely to rally towards its $165 target, a 13% rally within the next week. While Ethereum draws the interest of institutional investors, Solana is competing through partnerships and decentralized applications on the blockchain.

Chart of the week: Solana indicators point north, bulls test $165 target

Bitcoin is primed for a breakout as Tim Draper reaffirms his bold $250K 
target, citing accelerating institutional adoption, regulatory clarity, and 
powerful blockchain innovations. Tim Draper Reaffirms $250K Bitcoin Target 
Amid Institutional Surge and Regulatory Clarity Venture capitalist Tim Draper 
reiterated his long-held price target for bitcoin on social media platform X 
on June 4, […]

Tim Draper: $250K Bitcoin Coming in 2025, May Go ‘Infinite’ Against Dollar

The Bitcoin market was recently subject to a significant price dip as a public 
feud between US President Donald Trump and the world&#8217;s richest man, Elon Musk, 
on Thursday negatively impacted the US financial markets. During this period, 
the premier cryptocurrency crashed by an estimated 5% from $106,000 to trade 
below $101,000. Interestingly, despite the short-term volatility, several key 
technical indicators now point to a potentially bullish setup. In fact, this 
latest pullback appears to complete a series of signals that historically 
precede major price rallies. Related Reading: Bitcoin Sees Negative Funding On 
Binance – A Classic Setup For A Short Squeeze? Bitcoin Set For Price Surge, 
First Target At $130,000 In an X post on June 6, a market expert with X 
username CrypFlow shares a bullish Bitcoin prediction amidst an ongoing price 
correction. Aside from sharp price decline in the past week, the BTC market 
has witnessed a steady price correction since the premier cryptocurrency 
achieved a new-all time high of $111,970 on May 22. However, CrypFlow states 
that this price retracement alongside a host of other technical indicators 
suggest that Bitcoin is setting to repeat its price rally from Q4 2024. The 
first indicator observed by the analyst in the chart above is the golden cross 
which occurs when the 50-day simple moving average (50SMA) crosses above the 
200-day simple moving average (200SMA) in early June 2025. The golden cross is 
a common bullish indicator that signals a shift in market momentum and was 
last seen in November 2024. Furthermore, there is a Bitcoin price breakout 
above a long-standing purple downward trendline that originated in December 
2024. This breakout also mirrors another move seen in early November 2024, 
when BTC breached the descending resistance that began in March 2024. The 
ongoing price correction represents the final indicator as Bitcoin also 
suffered an estimated 10% price fall in November falling from $74,500 to 
$68,500 before initially an explosive price rally. CrypFlow’s analysis 
suggests that if Bitcoin is repeating its price rally from Q4 2024, the 
premier cryptocurrency could produce a 62% price gain translating into 
potential targets around $170,000. However, the analyst has set a more 
conservative initial price target of $130,000, representing a 25% gain from 
current market levels. Related Reading: Musk Exits DOGE, Clashes With 
Trump—Dogecoin Gets Caught In The Crossfire Bitcoin Price Prediction At press 
time, Bitcoin trades at $104,850 after a 2.57% gain in the past day. 
Meanwhile, the asset’s daily trading volume has dropped by 19.59%. According 
to data from prediction site Coincodex, the general BTC market sentiment 
remains bullish despite a Fear &amp; Greed Index of 45 which indicates Fear. The 
Coincodex analyst team are backing this market’s positivity with a price 
projection of $134,074 in five days and $155,864 in three months. Featured 
image from Getty Images, chart from Tradingview

Bitcoin Historical Data Points To Imminent 62% Price Surge – Analyst

Trump Media is targeting up to $12 billion in capital through a sweeping SEC 
filing, accelerating its bitcoin acquisition strategy and positioning for 
massive crypto-fueled expansion. Trump Media Seeks SEC Approval to Raise up to 
$12 Billion to Advance Bitcoin Holdings Trump Media &amp; Technology Group Corp. 
(Nasdaq, NYSE Texas: DJT), founded and majority-owned by […]

Trump Media Submits SEC Filing to Register up to $12B for Bitcoin Reserve

The story has been somewhat the same for the price of Bitcoin over the past 
week, drifting further from its recently-notched all-time high of $111,814. On 
Friday, June 6, the premier cryptocurrency fell towards the $101,000 level, 
reflecting an uptick in the market volatility over the past few days. While 
the Bitcoin price has quickly recovered from this sudden downturn, there is 
still real concern about the market leader’s performance since reaching its 
record-high value. However, a new indicator suggests that the price of BTC 
might still have some time to run up to a new high. Analyst Predicts Four 
Months Of Opportunity For BTC In a recent post on the X platform, crypto 
expert Joao Wedson revealed that there might still be some degree of 
opportunity in the Bitcoin market. This observation is based on a model, which 
was accurate in predicting past all-time high prices for the world’s largest 
cryptocurrency by market capitalization. Related Reading: Traders Turn Bearish 
on Bitcoin Following High-Profile Political Tensions, Data Shows This 
revelation is based on the Max Intersect SMA Model (the blue line), which has 
accurately identified the tops of past Bitcoin cycles. According to Wedson’s 
post, this cycle top prediction model suggests that the price of BTC could 
still have around four months of upward growth potential — regardless of the 
volatility and market shakeout. As seen in the chart above, the price of 
Bitcoin reaches its current cycle peak whenever the Max Intersect SMA (simple 
moving average) hits the previous cycle top. In the 2021 cycle, the top 
prediction model hit the 2018 high of around $19,000 in November 2021, 
culminating in a then-all-time high of $69,000. Hence, when this Max Intersect 
SMA hits exactly $69,000 — the price top in the last cycle, that will 
represent the peak of this current cycle. Wedson also asserted that this model 
is pretty reliable, as it is backed by 200 tested algorithms. With this top 
prediction model still a bit off $69,000, the Bitcoin price might still be 
some months away from its peak. Bitcoin Price At A Glance As mentioned 
earlier, the price of BTC seems to be struggling after recently hitting its 
current all-time high above the $110,000 mark. This week’s performance must 
have tested investors’ patience as the flagship cryptocurrency mostly traded 
within a consolidation range. Related Reading: Ethereum Stabilizes After 
Market Drop – Key MA Reclaim Could Trigger A June Rally According to data from 
CoinGecko, the BTC price is up by a mere 0.2% in the last seven days. As of 
this writing, Bitcoin is valued at around $104,400, reflecting an over 2% 
price increase in the past 24 hours. Featured image from iStock, chart from 
TradingView

Crypto Analyst Says This Bitcoin Top Signal Hasn’t Gone Off Yet — What To Know

U.S. lawmakers are being pushed to act fast as calls intensify for a clear 
crypto regulatory framework that protects investors, fuels innovation, and 
reduces systemic risk. Former CFTC Chair Urges Swift Congressional Action on 
Crypto Oversight Former U.S. Commodity Futures Trading Commission (CFTC) 
Chairman Rostin Behnam testified on June 4 before the House Committee on […]