✅ Supporting Factors for Bitcoin's Rise:
Increasing Institutional Acceptance
Major companies like BlackRock and Fidelity have entered Bitcoin ETF funds.
Actual ETF funds that started trading in 2024 boosted liquidity and institutional demand.
Supply Scarcity (Halving Effect)
The reward halving event in April 2024 reduced the reward from 6.25 to 3.125 BTC, which decreased the new supply.
Historically, halving is followed by a strong price increase within 12-18 months.
Global Monetary Policies
Rising global debts and inflation have led some investors to use Bitcoin as a hedge against a weakening dollar.
Legal Recognition in Some Countries
Countries like El Salvador have adopted it as official currency, while other countries are considering partial adoption.
📉 Secondly: Technical Analysis
Note: Prices may change continuously. The following analysis is estimative and may change based on market conditions.
🔹 General Trend:
The trend is still bullish in the long term $BTC
.