How are you all? Come on all my friends are fine. Alhamdulillah I am fine too. A few days ago, a contest was organized by Tron Fan Club, the main topic of which is Bitcoin Price Prediction. I wanted to enter the contest as soon as I saw it, but I've been behind on posting. Actually one thing is true that I am new in this crypto line and I have very little knowledge about it, still I will make Bitcoin Price prediction based on my little knowledge. So without wasting time let's get started -

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To discuss the market value of a coin, we first need to understand how the value of a coin fluctuates. When the price of a coin is going up, it is usually called Pump. Again when the value of a coin is down then it is called Dump. Similarly, when the price of most of the coins in the crypto market is bullish, it is called a bullish market, and the opposite is called a bearish market. There are many factors that contribute to a coin's price increase, but the most important factor is Good News or Bad News. That is, when good news about a coin is published on social media, its value increases because then this coin is bought in large quantities. Similarly, when bad news comes out, its value falls because traders start selling their assets. And the main reason for this is that there is a lot of sentimentality in the crypto market. Similarly, the rise in the value of Bitcoin can be observed in the crypto market as well. But I think next June we will see Bitcoin price several times higher than current price (41 thousand). And there are several reasons behind its price increase.

•Effect of ETFs.
•Bitcoin Halving.
•Bull Market.

It's only been a few days since the SEC approved the Bitcoin ETF. Before the approval of the ETF on Bitcoin, many thought that its approval would immediately increase its price. And it was meant to be. But here the Sec has very intelligently managed to control the price of Bitcoin. They created a blur in front of everyone about the ETF approval, where first it was said that the ETF was approved in Bitcoin and then the authorities said that their account was hacked and later they confirmed the approval. However, the approval of the Bitcoin ETF means that Bitcoin is currently listed on the US stock market. That is, many big companies such as Blale Rock will buy Bitcoin for themselves and their customers. But the main thing is that a big company will never buy bitcoins at such a high price. Due to which currently we can see a slight slowdown in the market price, but after that the market price is in a good position. At some point when the big companies start buying them, we can see the price of Bitcoin rise again. Then in one jump we can see its market value above 50 thousand.

Having is an important factor in Bitcoin's value growth. There are about 92 days left until the halving starts today. Its time may be more or less from today. But we could see the halving as early as mid-April. During the halving event, the price of Bitcoin drops, i.e. dumps, but later the market recovers and becomes bullish. We can see great examples of this when we look at the history behind. As during the halving event in 2021, the market value of Bitcoin fell and later it reached $69k. But since this time on one hand etf is approved there is still a big possibility of price increase and on the other hand there is halving event so it can be said that after halving it is more likely to cross $90k dollar very easily. Another big reason behind the Bitcoin market price crossing $90k is that many crypto traders are waiting for the bearish movement of the halving event with their large amount of capital. And this can also be a reason to have a huge impact on the price of Bitcoin.

Actually after halving we all usually see the wrong market. If we look at earlier halving events, we can see that the market is a little bearish in the beginning, but it pumps up very well later on. For example, before the halving event in 2010, 2016, 2020 its market value was 12$, 650$ and 9000$ respectively but similarly after the halving its market value was 12,000$, 19,000$ and 67,000$ respectively. So we can easily assume that even after this event we can see a good rise in Bitcoin price, i.e. Bullish market.

Nothing is permanent in the crypto world. As we observe, everything here changes with time. That is, as we see bear market here and it is not permanent, bull market is also not permanent. So suddenly bitcoin goes up, but at some point it slowly comes down from there and it will come. So with various good news in 2024 and some big price increases, we could very well see Bitcoin price where it could hold steady in June. But all in all, we can see Bitcoin price settling in the $65k to $80k range in June.

So guys that's it for today's post. I've never written a price prediction post before, so please forgive me if there are any mistakes. And thanks to the @tron-fan-club community for choosing such a great topic for the contest.