🔥🚀$btc price analysis from recent market data.🔥🚀

✅🔥 $BTC has stayed strong despite lots of bad news. It's sitting at around $63,200, which is impressive considering everything going on. In the past, when Bitcoin's price stayed the same for a while, it usually shot up afterward.

✅🔥$BTC currently sitting around 12-14% below its all-time high, which is a typical occurrence during bull markets. This underscores the volatility inherent in the transition to a new monetary system.

✅🔥 When BTC reached its old peak, some of these long-held coins started moving, likely to be sold. But now, that movement has stopped. About 65% of Bitcoin hasn't moved in a year or more, indicating that those who wanted to sell at current prices have likely already done so. This suggests that the next price increase might not be far off.

✅🔥The halving, which occurs every four years and cuts the bitcoin block subsidy in half, sparked a surge in on-chain demand. Despite the subsidy dropping from 6.25 to 3.125 BTC, daily mining revenue hit new all-time highs thanks to increased transaction fees. With only about 450 BTC mined per day now, compared to around 900 before, the constant selling pressure from miners to cover expenses has been halved.

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