$BTC Bitcoin (BTC) could enter a bullish phase due to several factors aligning in its favor. Historically, BTC's price often rallies ahead of its halving event, with the next one expected in 2024, reducing new supply and increasing scarcity. Additionally, growing institutional adoption and rising interest in spot Bitcoin ETFs could drive significant inflows, boosting demand.

Macroeconomic conditions also play a role. A potential slowdown in interest rate hikes or dovish monetary policies by central banks could weaken the U.S. dollar, making BTC more attractive as a hedge against inflation. Furthermore, increasing global awareness of decentralized finance and blockchain technology supports Bitcoin's long-term value.

Technical indicators, such as crossing key resistance levels, could also trigger bullish momentum, attracting more buyers.