TR #Bitcoin 
When we look at this chart comparing Bitcoin’s price performance over different years, we see an interesting and important picture. 2020 stands out from other years, with a 303.87% increase. The economic uncertainty brought about by the pandemic and the intensification of institutional interest strongly supported Bitcoin during that period.
The year 2023 also shows a remarkable performance. It had a very strong year with an increase of 154.34%. The acceleration experienced especially in the second half of the year shows that Bitcoin maintains its attractiveness.
As we approach 2024, the effects of the halving cycle are clearly visible. Historically, halving years have been the harbingers of bullish periods for Bitcoin. The 121.62% increase indicates that this year is also in a stable growth trend.
Of course, there are also weak years in this chart. 2018 and 2022 stand out with a 72.53% and 65.41% decline, respectively. Such declines occurred during periods when the market was under the influence of a bear market.
Now, when we look at future expectations, several important points stand out:
1. Halving Cycle: The halving in 2024 could be a catalyst that will increase the price of Bitcoin. In the past, prices have usually peaked after such reward halvings.
2. Institutional Interest and ETF Approvals: The increasing interest of institutional investors and the acceptance of Bitcoin ETFs could put positive pressure on the price.
3. Macroeconomic Factors: Macroeconomic pressures such as increased global liquidity and inflation may make Bitcoin attractive as an investment vehicle.
4. The Role of Bitcoin: Emphasizing its “digital gold” and “inflation protection” credentials can attract more investor interest.
In light of all this data, it can be said that Bitcoin may be preparing for a new bull market. Of course, it is useful to act cautiously in this market where volatility is high.
