Bitcoin (BTC) entering a bull run typically refers to a sustained period of rising prices and market optimism. These phases are often driven by a combination of factors, including:
1. Increased Adoption: Growing interest from institutions, retail investors, or businesses integrating Bitcoin.
2. Macroeconomic Trends: Inflation concerns, fiat currency devaluation, or geopolitical instability encouraging Bitcoin as a hedge.
3. Halving Events: Historically, Bitcoin bull runs have followed its halving events, which reduce the supply of new BTC entering circulation.
4. Technological Developments: Upgrades to the Bitcoin network or broader advancements in the blockchain space.
5. Market Sentiment: Positive media coverage and investor confidence drive prices higher.
