,$BTC Halving: This scheduled event occurs approximately every four years and halves the reward for mining new blocks, decreasing the rate of new bitcoins creation and, therefore, the supply. Historically, halvings have preceded significant price increases due to the reduced availability of new coins.

Market Sentiment and External Factors:

* News and Events: Positive news about adoption, favorable regulation, or technological advancements can generate optimism and increase demand. Conversely, negative news can have the opposite effect.

* Investor Sentiment: Enthusiasm and the expectation of future profits can lead to increased buying activity and, therefore, price increases. The fear of missing out (FOMO) can also play an important role.

* Macroeconomic Factors: Economic uncertainty, inflation in traditional fiat currencies, or the weakness of the US dollar can lead investors to seek alternative assets like Bitcoin, which is considered by some as "digital gold".