Markets
5 Best Crypto Traders to Follow in June 2024
The crypto market is not an easy space to navigate, given the barrage of ongoing developments and changing conditions.
During this hour, traders who have experienced the ups and downs of the space tend to be helpful. BeInCrypto has compiled a list of people you could also benefit from.
Scott Melker – The Wolf of Every Street
Scott Melker, also known by his alias The Wolf of All Streets, is one of the biggest crypto traders and influencers. However, his knowledge is not limited to the crypto market alone; it also draws its influence from the financial market.
Although Melker does not have a bias towards one asset, his most recent Bitcoin prediction suggests a bullish outcome. According to his post, BTC is likely heading towards $74,000, allowing the crypto asset to post a new ATH.
$BTC Every day
Easy range trading.
The price broke from the lower half of the range to the high side.
Price has tested the EQ range as support, and is now likely heading towards the highs of the range. pic.twitter.com/F8Rd1TkJA9
– The wolf of all streets (@scottmelker) June 3, 2024
Dan Gambardello
Dan Gambardello, trader and founder of Crypto Capital Venture, is known to be a strong supporter of Cardano. However, his analysis is not limited to Cardano; it also focuses on BTC and others altcoins.
His recent analysis of Bitcoin’s dominance over altcoins suggests that alt season could begin soon. Gambardello said:
“Altcoins should soon prepare to make their move and BTC dominance expected to start falling by August.
When it comes to crypto cycles, we are entering a critical period for me personally.
Altcoins are expected to prepare for action soon and BTC dominance is expected to begin to wane by August.
About 6.5 years of analysis cycles and technical studies come down to this! pic.twitter.com/vZeFkRA4dW
– Dan Gambardello (@cryptorecruitr) May 27, 2024
C.J.
CJ, who has the fewest followers on this list, is still a very well-known trader. Accurate analysis and predictions on Bitcoin and altcoins have placed CJ on the list of must-have traders.
CJ recently pointed out that Solana Maxis will likely be disappointed with its prediction of an ETH/SOL chart on the daily time frame. The chart has formed a descending wedge, known to be a bullish reversal pattern.
This suggests a bullish outcome for Ethereum but a bearish outcome for Solana.
Benjamin Cowen
Benjamin Cowen, another well-known trader in the crypto market, publishes several high-profile newsletters covering the gamut of cryptocurrencies, stocks, and the macro financial market. This breadth of knowledge has allowed CowenCowen to make predictions about the macro-financial space using historical indices.
Recent analysis from Cowen suggests that rate cuts from the Federal Reserve may be imminent. He stated,
“During the last cycle, we saw the Fed cut rates 1 month after the ALT/BTC pairs broke down. ALT/BTC pairs collapsed in June 2019, then the Fed cut rates in July. Now that we’re already hearing chatter from the ECB about rate cuts, maybe the Fed won’t be too far behind?
Last cycle, we saw the Fed reduce its rates 1 month after the breakdown of the ALT/BTC pairs. ALT/BTC pairs collapsed in June 2019, then the Fed cut rates in July. While the ECB is already talking about rate cuts, perhaps the Fed won’t be too far behind? pic.twitter.com/54o3iHPLRC
–Benjamin Cowen (@intocryptovere) June 1, 2024
Rekt Capital
Crypto trader and analyst Rekt Capital is not only a well-known influencer but also one of the most accurate in terms of prediction. Rekt Capital primarily predicts and analyzes Bitcoin, but frequently features altcoins.
The most recent analyzes from Rekt Capital highlighted a bullish result for the price of Bitcoin. As BTC approaches $70,000, analysts suggest a breakdown is unlikely.
Bitcoin made a second consecutive weekly close below the high resistance range of its reaccumulation range
However, Bitcoin still sits just below this Range High, refusing to make a stronger rejection from here.$BTC #Crypto #Bitcoin pic.twitter.com/F1J5cCEAnN
– Rekt Capital (@rektcapital) June 3, 2024
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