how are you all? Hope everyone is well! Tron Fan Club community team has launched a Contest on Bitcoin Price Predict, I want to join that contest, I am too late to join. How much can Bitcoin go until June 2024! I will analyze that from my little knowledge. Let's first know why Bitcoin Down! Suddenly yesterday, Bitcoin showed a small crash. After a news went viral yesterday, Bitcoin showed a slight crash, yesterday was the Fidelity Ethereum ETF Approved Date but the SEC delayed it, the market took a slight correction.

Bitcoin will touch All Time High in June 2024,
Bitcoin To Touch $67k Next June
There are several reasons behind Bitcoin Touching $67k,
Let us know some reasons,

-1. Effects of ETFs

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-2. Halving

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-3. US Money inflation

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How will these factors help pump up Bitcoin?
Let's find out

-Bitcoin ETF Impact

The Bitcoin ETF was approved on January 10.
Big institutions can directly invest Bitcoin with cash through Bitcoin ETF.
Bitcoin ETF has been approved but why is it still not pumping?
A few days ago, Yahoo Finance published a news, they said that the news that Bitcoin will pump as soon as the Bitcoin ETF is approved is a misconception.
It takes more time to pump.
Because big companies will wait for the Bitcoin price to come down like investing.
BlackRock has already bought 20,000+ Bitcoins,
When these companies are Successfully Buy Complete, they will start pumping Bitcoin immediately, and hopefully they will start pumping Bitcoin next February.
Silver has become the second-largest ETF product in the US, surpassing bitcoin."
Gold is currently ahead of Bitcoin,

[Design By PixlLab]

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-2.Halving

Next April Bitcoin Halving Date, and Bitcoin Pump It is very important News,
Halving means Bitcoin mining is halved.
This will reduce the sale of bitcoins in the market.
Bitcoin Mining costs huge, those who do Bitcoin Mining, when their Mine is completed, they immediately sell those Bitcoins, because to pay those costs,
Halving has happened 3 times in the past, in 2012, 2016, 2020,
In 2012 it was $12 before the halving and $1,200 after the halving, which is about a 16x increase after the halving.
The second halving is in 2016,
$650 before halving and $19,000 after halving, which increases 3.6x Bitcoin after halving,
The third halving is $9,000 before the halving in 2020, $67,000 after the halving, now if it increases by 2x, it will become a huge price, now it is understood that after the halving, the Bitcoin Bull Market will start.

[Screenshot From Ychart]

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-3 US Money inflation

Due to money influence, the prices of all kinds of things are increasing day by day.
After about 2 years, America prints their currency, and will print their USD again in 2024, causing inflation to spread throughout the world.
US Money Influence is increasing day by day, in which people will look for alternative investment, no one will want to save money, and people's first choice will be Crypto, because their prices increase with time.

These factors alone are enough to make Bitcoin touch an all-time high in June, so I think Bitcoin will hit $67K-$70K in June.

Also some more Good News Coming in 2024,
2024 November United States election will be over, we all know Donald Trump is a Crypto Investors,
He power is actually a good side for Crypto Currency!
Fidelity applied for Ethereum ETF, which SEC delayed yesterday, but it will be 100% Sure Ethereum ETF Approved, it will bring a lot of money to the market.
So I think full bull market will start from June 2024.

So this was my detailed discussion about my Bitcoin Price Prediction Contest,
Ending here today, everyone be well, Allah-Hafez!

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