The bitcoin price is on a tear, surging 10% in the past week. But is it sustainable? Our analysts believe the recent rally is driven by institutional investors, who are increasingly comfortable with the asset class. Meanwhile, the block reward halving in May could further boost demand. A cautious bullish outlook is forming, but we recommend waiting for a pullback to buy.

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Institutional interest is a strong indicator. The upcoming halving could indeed propel prices, but timing the market remains crucial. Waiting for a pullback before entering seems prudent.