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The #1 Reason Why Bitcoin Might NOT Hit a New All-Time High This Month

Institutional Crypto Research Written by Experts

Author

Markus Thielen
June 04, 2024

👇1-11) Bitcoin will likely reach a new all-time high this month as macro data increasingly supports it. The latest consumer spending, GDP, employment, and manufacturing data signal that the US economy is slowing down, and inflation will slow down. This is bullish for Bitcoin.

👇2-11) However, there is ONE overhanging risk for Bitcoin, which will likely be the deciding factor. If Bitcoin does not reach an all-time high in June, prices will be dragged down because of the risk we explain below.

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