After many ups and downs, the Bitcoin price has seen a significant increase recently. Currently, the price of Bitcoin is over $63,000. Bitcoin prices have dipped below $20,000 in the past few years, but have been bullish since the beginning of this year. And now it is waiting for Bitcoin price to cross all time high. And this rise in the price of Bitcoin has led to speculation that a major bull run is about to begin. Some important reasons behind the initiation of bullfights indicate. Moreover, Bitcoin price may be just around the corner to reach a new all-time high. Anyway let's talk about this.

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Bitcoin Halving

Bitcoin halving is very important because it happens every four years. And during this period the reward that the bitcoin miners get is basically halved and during that time or after the bitcoin halving the price of bitcoin reaches the highest level in history which we have seen during the past bitcoin halves. The price of Bitcoin has excited cryptocurrency participants and stunned speculators over the past few weeks, witnessing exponential growth.

Bitcoin currently trades above $63,000. All these factors indicate that we are headed for a bull run. Also despite the spectacular climb some important elements and nearby events give us some indication about this. And these indicate to us that this is the start of a huge bull run and could lead to further gains. And one of the most important factors in all these factors is the Bitcoin Halving which is scheduled to take place in April this year.

Abandon exchange

Many investors have many targets around the Bitcoin halving period. Many people try to keep a variety of desirable coins in their custody for a long period of time in a certain quality. Another sign that the price of Bitcoin may rise in the near future is the shift of investors from centralized platforms to self-custody systems. Storing holdings in personal wallets shows a positive attitude towards the market for investors who basically want to stay in the market for a long time and hold onto their digital currencies. And it also reduces immediate selling pressure due to growing confidence among investors and willingness to stay in the market for the long term. And when the selling pressure subsides, many basically buy the coins. And when the market sells low, it essentially leads to a bull run market.

Interest is still growing

There is a lot of interest among investors regarding Bitcoin's bull cycle. It even records at the top of Google's search list. Even now many people are searching about this on Google. The Bitcoin halving has actually increased in popularity over the past few months. However, the current price of Bitcoin is slightly below the peak price reached during the Bitcoin Halving. Altcoins, such as Ethereum (ETH), Ripple (XRP), Cardano (ADA) and many others have left coins that are moving slightly higher in price. But they have to grow a lot more if they want to enter the bull run. However, if we look at the market today, we can see that many coins are currently up several times and even many coins have made many times their gains recently. If Bitcoin halves then we are on the verge of another bull run.