$BTC Bitcoin ($BTC) is showing bullish momentum, driven by strong market demand, institutional interest, and favorable macroeconomic conditions. Key bullish factors include:
Spot ETF Inflows: Increased institutional adoption through Bitcoin ETFs.
Halving Narrative: The next Bitcoin halving in 2024-2025 could reduce supply, historically leading to price surges.
On-Chain Metrics: Rising long-term holder accumulation and decreasing exchange reserves signal confidence.
Macro Trends: Lower inflation or potential Fed rate cuts could boost risk assets like BTC.
A breakout above key resistance levels could confirm the uptrend, while strong support zones help maintain bullish sentiment. Always manage risk and monitor market trends!