BlackRock's Bold Bitcoin Price Prediction Amid Market Challenges

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 16 2026

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Bitcoin Price Prediction: BlackRock's global fixed income CIO Rick Rieder stated in a Bloomberg interview that despite Bitcoin trading nearly 50% below its all-time high, he predicts significant upward movement, reflecting a bullish outlook on future market conditions.
ETF Asset Scale: As of June 15, BlackRock's iShares Bitcoin Trust holds over $51 billion in net assets, although the fund has faced multi-million dollar net outflows on most days this month, indicating a lack of short-term confidence in Bitcoin.
New ETF Launch: On June 16, BlackRock launched the iShares Bitcoin Premium Income ETF, which generates monthly income by selling call options on up to 35% of its IBIT holdings, aiming to provide investors with a steady cash flow.
Market Competition Pressure: Rieder noted that BlackRock maintains a

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	50391.655	54253.333	57899.475	61761.153	65407.295	69268.973	72915.115
Fibonacci	54253.333	57121.32	58893.165	61761.153	64629.14	66400.985	69268.973

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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