Is The Bull Market Over?

Bitcoin’s worth misplaced 2.29% within the 30 days ending Jun. 24. In the meantime, a bevy of tech shares like Palantir, Nvidia, and Oracle are flying excessive. Is the BTC bull market over?

Or can BTC nonetheless hit the $150K – $200K worth predictions for 2025, lately made by common crypto investing commentators?

Crypto exchanges are dynamic, fast-moving, open, international markets for these excessive tech Web currencies. So nobody is aware of for certain what Bitcoin’s worth will do subsequent till markets have moved.

However there are some clues and historic patterns that savvy foreign money merchants and buyers use to resolve what and when to purchase, promote, and maintain.

The every day actions in June’s Bitcoin prices have confounded the bullish 12-month and 24-month development. Right here’s a fast rundown of Bitcoin vs. chosen tech shares in June.

Bitcoin Severely Lags Tech Shares in June 2025

For the 30 days ending Tuesday, Jun. 24, Bitcoin fell greater than 2%.

However international commerce coverage and military instability aren’t weighing on a number of necessary US tech shares.

Santa Clara, California-based laptop chipmaker Nvidia, for instance, the second highest-weighted US inventory by market dimension, gained over 9.15% in share costs.

In the meantime, Denver, Colorado-based US knowledge firm Palantir, gained over 19.84%. Oracle, one other high-tech knowledge firm, primarily based in Nashville, Tennessee, and ranked #17 amongst all US corporations by dimension, surged 32.5% for the 30-day window by market shut on Tuesday.

All three corporations are ultra-high market cap with many helpful factors of comparability to Bitcoin, the world’s main cryptocurrency. They’ve been rallying, whereas BTC retraces its April and Could positive aspects.

So is the crypto rally truly fizzling out?

Bitcoin Value Rainbow Chart Recommends ‘BUY!’

Many specialists don’t suppose so. A bear market in Bitcoin any time quickly additionally doesn’t align with the historic development.

In line with the Bitcoin Rainbow Chart, a well-liked buying and selling advice software primarily based on Bitcoin’s historic worth development, the worth appears far from its multi-year cycle peak.

In actual fact, it’s comparable on the rainbow chart to earlier markets like Nov. 2020 and Could 2017.

The Could 2017 market valued BTC at $1,434 per token on Could 1. By Dec. 17, 2017, the worth had skyrocketed to simply above $20,000, for a 1,400% ROI in beneath 9 months.

The Nov. 2020 market appraised Bitcoin at $13,862 on Nov. 1. By Apr. 15, 2021, the worth rallied to $62,208, for a 450% ROI in beneath 6 months.

Legendary veteran inventory market chart dealer Peter Brandt expects Bitcoin to maneuver as excessive as $150,00 by August or September.

In an interview on CNBC’s Squawk Field in Could, Galaxy Digital founder Mike Novogratz mentioned he expects the worth to high out above $150,000 earlier than this cycle is over.