"Tron Fan Club" Bitcoin Price Prediction Contest Participation - (My BTC Price Predication For The June 2024)

So hello this is my entry post for the Tron Fan Club contest. According to this, I have to predict the price of Bitcoin in June 2024. So currently, January month is going on And almost half of January month Finished. So let’s say five months remaining for June month right now, Bitcoin prices fluctuate around $43,000 so Bitcoin price will be above the 43k level in June month because there is a big reason behind this and that is an ongoing uptrend.

If you see the monthly chart you can see that there is a Bitcoin already bottomed out And from that zone, the price is going up and up. Bitcoin will not go up straight It goes up, then a little correction, And then again it goes the upper side So this is how the market moves. So even in bull season, you will see the corrections for sure

We are already in uptrend

Some months ago, the Bitcoin Price was around 16K to 17K That was the bottom of Bitcoin from that point to today’s price you can see the growth And this growth proves that we are in an uptrend. Or you can also call it a bull season.

So now, if someone says that, bitcoin will again go below 20K That is not going to happen because the big bull really is waiting for us And Bitcoin will create a new all-time high after a Bitcoin halving event.

Bitcoin ETF approval

Grayscale was fighting against the SEC for the ETF approval But you can see just now it gets approval because there is a big game behind this And there is a big player in this game that is called BlackRock So after BlackRock's arrival, things changed totally.

Multiple ETF applications are pending But now these applications are finally approved. These approvals increased the reputation of cryptocurrency because earlier many people called Bitcoin and cryptocurrency a gambling and Ponzi scheme But now ETF is approved, so it is a positive for all of us. Even though the price will not go up because of this big update this is positive news for the whole crypto community.

Bitcoin halving cycle

If you Have witnessed the previous bull season and bear season Then you should know the Bitcoin halving cycle in which Bitcoin starts moving up before the Bitcoin halving event and After the Bitcoin halving Event it creates an all-time high.

So now I have to predict for the June month But Bitcoin halving is coming In April 2024 which means two months before. Now, the thing is, Bitcoin does not pump immediately after the Bitcoin halving event, but it takes a year to create an all-time high.

Considering this thing, I want to predict the Bitcoin Price around 80K. So my prediction is Bitcoin will be 80K dollars in June 204

Bitcoin price will be in June – $80k

10% TO TRON FAN CLUB

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