Bitcoin Bulls See Price Surge Ahead in 2024 as Halving Approaches Amid Growing Institutional Demand
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The Halvening event in April 2024 will cut bitcoin mining rewards in half, reducing supply and likely pushing prices up.
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Regulation and law enforcement action against bad actors will help legitimize the crypto industry.
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Major financial institutions like BlackRock and Fidelity are preparing bitcoin ETFs and other crypto products.
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U.S. institutional demand is increasingly driving bitcoin prices compared to retail and foreign investors.
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Analysts see fundamental support for substantial bitcoin price appreciation in 2024, though technical analysis will remain crucial.