Bitcoin prices can rise due to a combination of several major factors. For the current situation, some common reasons that often drive BTC up are:

Large money entering the market
Many institutional investors and whales buy BTC in large quantities, so demand increases while supply remains limited.
Bitcoin ETFs & institutional adoption
Spot ETFs make it easier for traditional investors to buy BTC without holding their own wallets. This increases capital inflow into the crypto market.
Halving effect
After halving, mining rewards decrease, so the amount of new BTC entering the market is smaller. Supply becomes tighter.
Altcoins start to become active
When the crypto market becomes lively again, BTC is usually the first asset bought before money flows into altcoins.
Positive market sentiment
If the global economy improves, interest rates potentially decrease, or there is positive news about crypto, investors become more confident to enter.
Short squeeze
Many traders open short positions, then the price actually rises. As a result, their positions get liquidated and force automatic buying, causing BTC to pump further.
Strong increases usually occur when:
trading volume increases,
important resistance levels are broken,
and BTC dominance rises.
#GateSquareMayTradingShare