In the turbulent world of cryptocurrency, every move of Bitcoin always stirs the nerves of investors. Recently, the surge in Bitcoin's price has sparked intense discussions in the market about whether the bull market is still continuing. Looking back at the historical price trends of Bitcoin, it resembles a grand legend. Recent data shows that Bitcoin's performance is quite impressive. What factors have driven this surge in Bitcoin? First, the policy factors cannot be ignored. Trump's announced cryptocurrency strategic reserve plan has included Bitcoin as a core asset of the reserves, which is seen as a symbolic move by the U.S. government to formally accept cryptocurrency, greatly boosting market confidence and attracting a large number of investors, driving up Bitcoin's price. Secondly, the global economic environment has also impacted Bitcoin's price. When signs of global economic recovery are evident and traditional financial markets fluctuate, Bitcoin, as a digital gold with safe-haven characteristics, attracts more capital inflow. In addition, market sentiment and investor confidence are also key factors. As Bitcoin's price gradually rises, investors become increasingly optimistic about its future trends, and this positive sentiment further drives market buying behavior. However, whether the bull market is still ongoing cannot be judged solely based on short-term gains. Despite Bitcoin's significant recent gains, the cryptocurrency market itself is characterized by high uncertainty and risk.