Recently, the price of Bitcoin has shown an upward trend, driven by multiple factors. The approval of the Bitcoin spot ETF and the positive market reaction have led to a significant price increase, currently around $57,388. This has not only increased institutional investor interest but also solidified Bitcoin's position as a mainstream asset. Additionally, the Bitcoin halving event in April 2024 will slow the supply growth rate, intensifying market focus on Bitcoin's scarcity, further pushing prices up.

Looking ahead, analysts predict that Bitcoin could reach between $77,000 and $87,000 by the end of 2024, with some optimistic estimates setting targets above $150,000. However, due to high market volatility, Bitcoin must remain vigilant regarding macroeconomic factors and regulatory policies' impact.