$BTC
Bitcoin (BTC) is showing signs of a potential upward move, with several bullish factors in play:
### **Key Reasons BTC Could Pump Soon:**
1. **Halving Effect** – The April 2024 halving reduced miner rewards, historically leading to supply shocks and price surges months later.
2. **ETF Demand** – Spot Bitcoin ETFs (like BlackRock's IBIT) continue to see massive inflows, absorbing BTC supply.
3. **Macro Trends** – Potential Fed rate cuts in late 2024 could weaken the dollar, boosting crypto.
4. **Technical Breakout** – BTC is consolidating near key support levels; a breakout above $70K could trigger a rally toward $80K+.
5. **Institutional Adoption** – Growing interest from hedge funds and corporations increases long-term bullish sentiment.
### **When?**
Many analysts predict a major move in **Q3/Q4 2024**, possibly pushing BTC to new all-time highs ($100K+).
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