I think it is quite normal to think about bitcoin price resurgence, since if we remember the low prices it has been having, we know the potential for resurgence, especially driven by halving.
It is important to analyze whether we can be trapped and that this is a false bull run, or on the contrary we can conclude that a bull run is coming, driven by influential factors whose implications will be the subject of analysis.
If we study the behavior of cryptocurrencies in general and bitcoin in particular over the last 10 years, we can realize that the market has always been led by bullish and bearish cycles in the price of cryptocurrencies and bitcoin in particular. We cannot say that it is a single factor that is being influential in this bullish rally, as factors such as exchange-traded inflows (ETFs) and even an increase in total locked-in value (TVL) mean that even this uptrend can be upward.
The character of bitcoin's growing dominance in making money 🤑 investors has made it to be considered a leading cryptocurrency with an upward projection, so the chairwoman cryptocurrency investment lovers translates into a feeling of not being left behind and go to the pae of bitcoin price growth, which is why I believe we will continue to see bitcoin with big boosts in the present and near future.
More and more large investors are withdrawing bitcoin from exchanges, which translates into a sentiment of not wanting to sell bitcoin and thus could be a catalyst to drive the price higher.
There is still one unpredictable actor to watch out for in this analysis, and that is the sentiment of the retailer, who is less predictable and whose actions may have an implication when no one expects it.