* Halving Effect: Historically, significant increases have been observed in the price of Bitcoin as the supply decreases after each halving. The effects of the last halving in April 2024 continue to put positive pressure on the price in the coming months and years.

* Increased Institutional Interest and ETFs: The approval of spot Bitcoin ETFs has opened the doors wide for large institutional investors who previously had limited access to Bitcoin or were hesitant. It reinforces Bitcoin's "legitimacy" and its perception as a long-term store of value.
* Macroeconomic Conditions: In the event of continued inflationary pressures or increased global economic uncertainty, investors may turn to "digital gold" assets such as Bitcoin as an alternative to traditional assets. This increases the demand for Bitcoin.
* Increased Adoption: The increasing use of Bitcoin as a means of payment or as a store of value.
The combination of these factors creates a strong backdrop that increases Bitcoin's potential for appreciation. The Bitcoin trend is generally considered to be bullish. The halving effect, increasing institutional interest, macroeconomic conditions, and rising adoption support these bullish expectations.
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