$BTC

Positive Factors (Bullish)

Halving in 2024: The next Bitcoin halving, scheduled for April 2024, will halve the miner reward, decreasing the supply of new BTC. Historically, these events have been followed by large bullish movements in subsequent years.

Institutional Adoption: Increasing adoption by financial institutions and the possibility of approval of Bitcoin ETFs in markets such as the US could boost demand.

Decentralized Finance (DeFi): The use of Bitcoin as a store of value in DeFi ecosystems could increase its utility and attractiveness.

Inflation and Monetary Policy: If global economies face higher inflation, Bitcoin could be considered a "hedge" (protection), attracting more investors.

Negative Factors (Bearish or Stagnant)

Regulation: Government measures against the use of cryptocurrencies or increased restrictions could limit their growth.

Competition from Other Cryptocurrencies: The evolution of altcoins with more advanced technology could affect Bitcoin's dominance.

Volatility: Large price swings could continue to drive away conservative investors.