This financial analyst expects a "very bullish" Bitcoin price in June for 4 key reasons

After a strong rally from $3,700 to $10,100 over the span of six weeks, the Bitcoin bull has proverbially been asleep over the past few weeks.

Prices have slumped as low as $8,100 since the highs, falling on the "Capitulation" of miners - one of the largest groups of BTC market participants.

Even though Bitcoin's bullish momentum has clearly slowed, Preston Pysh - co-host of the popular podcast The Investor's Podcast and a leading commentator in finance - is becoming increasingly bullish on the flagship crypto for June.

There are four key factors why he is growing so optimistic about BTC.Bitcoin's miners remain strong, even after "Capitulation".

After the block reward halving that took place on May 11, the revenue of Bitcoin miners was sliced in half overnight.

This will dramatically decrease the chances Bitcoin sees a "Final price drop," the finance author added.

As reported by CryptoSlate previously, it was recently found out by technology analyst Kevin Rooke that digital asset fund manager Grayscale Investments has accumulated 18,910 BTC while miners have mined 12,337 BTC since the halving.

With a majority of Grayscale's clients being institutions, some have said that this is a clear sign of "Wall Street interest in Bitcoin."

The analyst's final factor is that the fiat currency system that runs the world's economy is potentially getting prepared to break, which would be a perfect scenario for Bitcoin to insert itself as an alternative system, as a hedge, or as a basis for a new financial hegemon.

"The USD will continue to have this 'strengthening' dynamic until something breaks. [This will] result in the need for a new form of pegged currency to fix the situation we are currently experiencing. Based on that, I suspect Bitcoin has the highest probability of succeeding."