Bitcoin has been experiencing a fascinating period of consolidation and renewed interest. After a significant bull run that saw it reach new all-time highs, the cryptocurrency has settled into a more stable trading range. This consolidation phase is often seen as a healthy correction, allowing the market to digest previous gains and build a stronger foundation for future movements. Several factors are currently influencing BTC. Institutional adoption continues to grow, with more traditional financial entities exploring Bitcoin as a legitimate asset class. The upcoming halving event, anticipated in 2024, is also a significant point of discussion. Historically, halvings have been precursors to bull markets, as they reduce the supply of new Bitcoin entering circulation, potentially increasing scarcity and value. On the technical front, Bitcoin is holding key support levels, indicating a strong underlying demand. While volatility remains a characteristic of the crypto market, the overall sentiment for Bitcoin appears cautiously optimistic, with many analysts anticipating a potential resumption of its upward trajectory in the medium to long term. However, macroeconomic factors and regulatory developments will continue to play a crucial role in its short-term price action. #USIranStandoff #BitcoinGoogleSearchesSurge #RiskAssetsMarketShock #WhenWillBTCRebound