Crypto Bull Run and BTC Halving$BNB $XRP $BIFI
Bitcoin has touched resistance level of $35000 in an expected bull run and it may touch $100000 before February 2024, the Halving event. what are factors for this bullish season.
The scarcity of Bitcoin is a major reason for this increase in btc value Bitcoin has maximum supply of 21 million coins. This scarcity is exacerbated by Bitcoin halving event due early next year. in the halving event, the rewards for validating transactions are cut in half, lowering
#BTC Bitcoin halving event will also effect #ETH and other #crypto . The slowing of new supply, along with rising demand, result in a supply-demand imbalance that can drive up prices. The last #BTC halving occured in 2020.
