Bitcoin on the Rise: What is Behind the Growth and What to Expect Next

Bitcoin is once again in the spotlight - its price continues to rise confidently, breaking key resistance levels and updating local highs. Many are wondering: is this a temporary phenomenon or the beginning of a new bull trend? Personally, I tend to believe that the current growth of Bitcoin is fundamentally grounded.

Why is Bitcoin Rising?

1. Institutional Investments. Large funds such as BlackRock and Fidelity are actively entering the crypto market through spot ETFs. This instills confidence in both retail investors and the market itself.

2. The 2024 Halving. Historically, halving (the reduction of miners' rewards by half) has always led to an increase in BTC price within a year after the event. We are currently witnessing a classic scenario - supply is limited, while demand is growing.

3. Distrust in the Traditional Financial System. Amid inflation, banking issues, and geopolitical instability, many investors view Bitcoin as “digital gold” and a hedging tool.

4. Growing Adoption. An increasing number of countries are legalizing and regulating the use of cryptocurrencies.