Recent data shows Bitcoin’s price surge towards the $120,000 mark driven by a confluence of factors: increased market activity, growing demand for Bitcoin ETFs, and the upcoming halving event. Experts predict that this milestone is within reach as institutions, including Standard Chartered and VanEck, project significant price growth to $120,000 by mid-2025 and potentially exceeding $200,000 in year-end. 2024’s Bitcoin halving event further contributes to this prediction, creating a scarcity of new coins, driving up the value. This price surge is fueled by two key drivers: the booming Bitcoin ETF market and the anticipated halving. This event reduces the supply of new Bitcoin coins, which fuels demand and prices, pushing the market towards these predictions.