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ETF approval and Bitcoin Halving:
Bitcoin is facing difficulties to break above the upper line of the weekly range. Yet another range bound week for Bitcoin but of course better than the previous fortnight. Good news for crypto markets is that fresh funds are flowing in. ETFs are doing well. Grayscale has shrunk but BlackRock and others are expanding. Daily trade volumes and number of traders are both on the rise showing Billions and thousands, respectively.
Bitcoin Halving event takes place in ten weeks from now and is another major event. Just like BDAI suggested, Bitcoin may show us six digits in 2024 and that is the maximum you can expect from the last volatile year for BTC. BTC gained 120% from its value after hopes around ETF approval peaked in 2023. Just around the same gains are expected now. The real fair value of Bitcoin at present is $45,000 and Bitcoin can make it to six digits with around 120% gains added from here. That's $100,000 till October, this year. Let's see if our yearly range succeeds.
$BTC #kenbdai #kohenoorken #kohenoortech

Week-25: Bitcoin remained within the range throughout the last week and failed to break above the upper line. The hyper bullish trend doesn't appear on charts so next moves will strongly remain news-driven. Weekly range for Bitcoin is forecasted as under:
$41.2K to $45.7K
Midline may be drawn at $43.4K
Bitcoin Halving:
Bitcoin halving will not cause a big price impact. People are expecting 10-20x, comparing it to what happened during/after previous Halving events and that is hardly relevant anymore. BTC adoption was little to none at that time and BTC was looking to capture a good chunk from the market which stands achieved by now. 120% is the maximum gain you can expect from here.
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