There are currently various rumors and expectations circulating in the Bitcoin (BTC) market. The most prominent trends and rumors are as follows:

1. Uptrend and New Highs:
* Record Levels: Bitcoin recently tested new record levels by rising above $ 110,000 and, according to some sources, even exceeded $ 111,000. This indicates that the market has entered a period called "price discovery mode."
* $ 120,000 Target: Analysts state that the next psychological target could be $ 120,000.
* Year-End Predictions: Some analysts predict that Bitcoin could reach $ 150,000 to $ 180,000 by the end of 2025. Some much more optimistic predictions even mention $ 500,000.
2. Institutional Interest and ETF Flows:
* Increasing Institutional Investment: Preparations by major companies such as MicroStrategy and institutions such as some US states and Canada to create Bitcoin reserves are an important indicator of increasing institutional interest.
* ETF Effect: Intense inflows into Bitcoin Spot ETFs (Exchange Traded Funds), especially the interest of institutional players such as BlackRock, are seen as one of the main factors triggering price increases. The entry of institutional investors into the market through ETFs continues to increase the value of Bitcoin.
* Trump and Crypto: Donald Trump's crypto-friendly policies and steps to increase interest in cryptocurrencies are also strengthening the adoption of Bitcoin as a reserve currency.
3. Halving Effect:
* Decrease in Supply: The last Bitcoin halving in April 2024 reduced the amount of new Bitcoin entering circulation by halving mining rewards. This has the potential to increase the value of Bitcoin by creating a positive effect on the supply-demand balance.
* Past Performance: Historical data shows that Bitcoin prices generally increase significantly in the periods following halving events. However, market conditions and investor psychology can change these effects.
4. Possible Corrections and Risks:
* Overbought Indicators: Some technical indicators show that Bitcoin is in overbought territory and a pullback is possible in the short term. Analysts emphasize the importance of maintaining the support level around $ 105,000.
* Volatility: High volatility continues due to the nature of the crypto market. In particular, the profit-taking tendencies of large players and market conditions can lead to sudden declines.
* Macroeconomic Factors: The decline in the dollar index and other macroeconomic developments are also among the factors affecting the Bitcoin price.
In summary, there is a strong upward trend in Bitcoin in general and the increasing interest of institutional investors continues. While the halving effect and limited supply support the potential for appreciation in the long term, it is necessary to be careful about market volatility and possible corrections in the short term.