$BTC ### **Bitcoin ($BTC) 2024: Bullish Momentum**
Bitcoin is surging in 2024, driven by **spot ETF approvals**, April’s **halving**, and growing institutional demand. Key factors:
- **ETFs Inflows**: BlackRock, Fidelity, and others have bought over **500,000 BTC**, reducing supply.
- **Halving Impact**: Miner rewards dropped to **3.125 BTC/block**, historically leading to price surges.
- **Macro Hedge**: With inflation and debt concerns, BTC is attracting capital as a **store of value**.
**Price Action**:
- **ATH**: $73,800 (March 2024).
- **Support Levels**: $60K (strong demand zone).
**Outlook**:
- **2024 Target**: $100K+ if ETF demand continues.
- **Risks**: Regulation, profit-taking pullbacks.
Bitcoin’s adoption curve suggests a long-term bullish trend as it matures into a global asset.
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