Hi! there everyone hope you all are well. I am Alhamdulillah fine. Welcome to my other blog. 2 days ago I saw a post that was posted by the community team. It was a new contest. I would like to participate in this contest. So in this post, I am going to predict the price of bitcoin. What will be the price of Bitcoin in June?

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Well, first of all, let's understand why a coin gets pumped or dumped. When the demand for a coin is very high then we can say this coin will pump in the near future. Or if the demand is low the coin will not be pumped. Also, good news can pump a coin. On the other hand, bad news can dump a coin. In this type of scenario, we saw many times in the market. So that's how a coin gets pumped or dumped.

The Reason Why Bitcoin Will Pump In June 2024

. Bitcoin Halving
. Bull Market
. ETF Effect

Bitcoin Halving
Well, it is a very important event. The halving event will be held in April. Everyone is waiting for it. Because after halving the reword of bitcoin will be half. Then the demand will be high. Then the market will be bullish.

Source

So these are the previous pictures of Bitcoin halving. In 2020 bitcoin was only 7k$ after the halving event it crossed a big price. It was 20k$. After then in 2021 bitcoin hit 69k$. It was the effect of halving. So we can say it is definitely a big event. In 2024 halving also coming. So we are waiting for April. After the halving bitcoin will easily cross 100k$. It is easy for the market because the market is already in a good position. The current price of Bitcoin is 43k$

. Bull Market

After the halving event bull market will come. We are hoping that. There are also some reasons for this. In 2021 after the halving events, all coins are pumped a lot. They give us profit. We did not expect this type of profit could be made by the market. It was an unbelievable profit. So hope you understand what is bull market is.

ETF Effect

Source

Some days ago bitcoin etf got approved by the Security and Exchange Commission. But we expected a big pump. When the ETF was approved by the sec it was not a big pump. Because Sec normalized this news. First, they posted a statement on their own x account. The post was etf approved. Then we saw a big pump. After that sec said that their x account was hacked. So the market got into a bad situation. So that's why it could not pumped. By the way, it is a temporary market scenario. After some day bitcoin will pump again. Because now you can invest money on bitcoin etf. There are many company wants to invest in the market. So one day they will invest. And the market will pump again.

Why We May Be See Bear Market In June 2024

After the bitcoin event, if bitcoin hits 100k$ then the long treader will sell bitcoin. Because they already get their profit so why do they hold it? So after the high selling, we will see a downfall in Bitcoin. We saw it in 2021. The same thing will go to happen. Also, I think some meme coins can scam. For that, everyone will panic and they sell it. All things can happen in May. After that, we will see the market is recovering.

Final Decision : Bitcoin Will Hit 70k$ In June 2024

Source

So I talk about why the market will pump and why it will dump. In June all things will happen. And we will see the market is stable at 70k$. Because in this time everyone will show their interest in altcoin, not bitcoin. So for that, the price of Bitcoin will be 70k.

Technical Analysis

30-35k - Lequdity Range ( Could Happen in February because of long trade )
40-45k - Support Range (Could Be Happen In March. Because of ETF trading)
45k-55k - Bullish Market (Could Be in April because of Bitcoin Halving)
55-60k- Selling Range (Could Be in May because of USA Election)
60-70k - Bullish Market+ Support Range (Could be in June )

So it was today's post. Thank you for reading....!

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