In the wake of Bitcoin's 4th halving on April 20, 2024, the daily market supply has contracted from roughly 900 to 410, with only about 400 to 500 Bitcoins being mined daily henceforth. This significant reduction in supply is anticipated to trigger a sharp market upturn in the 2nd or 3rd quarter of 2024, driven by the influx of new investors in Bitcoin spot ETFs. In the ultra-long term, the fundamentals for Bitcoin's price appreciation have been bolstered by the immutable laws of supply and demand. This analysis suggests a bullish outlook for Bitcoin, underscoring the strength and resilience of the cryptocurrency market. - Crypto Dan.