Bitcoin (BTC) experienced a downturn after hitting an all-time high in early 2023, but historical trends and several factors suggest a potential rebound during the second quarter. A look at past performance reveals strong gains during Q2 of recent years, suggesting similar momentum this year. The halving event in spring 2024 could also play a role, as Bitcoin historically experiences significant price increases after these events. Additionally, US interest rate cuts are expected in the near future, which can incentivize investors to seek out higher-risk assets like Bitcoin. Finally, positive developments on the war front between Ukraine and Russia could further boost market sentiment. With recent efforts towards peace talks between both countries, there is hope that this conflict will be resolved soon. If the war continues, it could continue to create uncertainty in global markets. The resurgence of whales, a group known for accumulating large amounts of Bitcoin, has also contributed to bullish predictions. Their increasing activity indicates strong confidence and potential price momentum. However, it’s crucial to consider that if these whales decide to sell en masse, they could trigger a rapid price drop in the market, especially if demand doesn’t keep pace.