The current position Bitcoin price is in has definitely turned into a bull market. Bitcoin price hits record high of 2024 Touched up to $52,500, new year's record high for Bitcoin price. According to the four-year cycle, it is normal for the price of Bitcoin to increase before the halving, as the price of Bitcoin has increased, it will surely decrease and investors will have an opportunity to invest before the halving. Currently, the price of Bitcoin is so high that Bitcoin has become a bull market. Bitcoin price is likely to increase further as all investors are holding Bitcoin for a long time as everyone is looking forward to 2025. Because the biggest bull run will start in 2025.