At the beginning of June 2025, the cryptocurrency market experienced significant volatility: the price of Bitcoin dropped from $105,800 to $104,600, while Ethereum is trading slightly below the $2,500 level. Analysts at Cryptology Key conducted a detailed analysis of the current situation and shared forecasts regarding the future dynamics of both assets.
This is reported by Finway
Bitcoin Movement Analysis
On the monthly chart, Bitcoin closed the month above the $100,000 mark, but the maximum was not significantly updated. According to experts, the market is currently entering a correction phase, which is likely to continue in the first half of June 2025.
Monthly chart BTC/USD. Data: TradingView.
Compared to the previous analysis, there have been no significant changes. Of the scenarios previously considered, the first one is currently being realized: the weekly candle shows an engulfing pattern of the previous one, with the nearest benchmark being the $100,000 level, which coincides with the area of double weekly lows.
Weekly chart BTC/USDT. Data: TradingView.
Among the possible scenarios: impulsive movements are expected in the coming days, after which the price may test the $105,000 level and then correct to $100,000. An alternative scenario is that if Bitcoin consolidates above $105,000, further growth will become more likely. However, experts advise caution, as many altcoins have already reached the lows recorded in April.
Daily chart BTC/USDT.P. Data: TradingView.
Ethereum Exchange Rate Dynamics
Ethereum closed the month above $2,300, which defined two main scenarios for future developments. The first scenario anticipates a quick correction, while the second involves accumulation throughout June and the formation of an imbalance zone with potential activity in July.
Monthly chart ETH/USD. Data: TradingView.
According to analysts, the first scenario is currently more likely: a correction to levels of $2,100 and $1,935 seems quite justified. The chart indicates difficulties in closing above the problematic zone, which may lead to further weakness of the asset.
Weekly chart ETH/USDT. Data: TradingView.
Looking at the weekly timeframe, it is evident that a deviation has formed in the range and double tops have been updated. Under these conditions, a correction with a decline to local lows appears to be the most likely outcome. Thus, a drop from current levels is expected, or a slight recovery before testing the problematic zones and further decline.
Daily chart ETH/USDT.P. Data: TradingView.