The 2024 Bitcoin bull market is anticipated to be driven by several factors, including the upcoming halving in April 2024, which historically reduces Bitcoin's new supply and potentially increases demand and prices. Analysts project the halving could lead to significant price growth, with predictions of new all-time highs even before the event​
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Institutional involvement is another critical factor. The potential approval of Bitcoin spot ETFs in the U.S. could bring massive capital inflows, bolstering Bitcoin's market position. Forecasts from ARK Invest and Bitwise suggest Bitcoin could surpass $100,000, with some long-term targets reaching as high as $250,000