Bitcoin's price is struggling to maintain levels above $60k, slipping from $67k to $62.5k following the halving, despite experts estimating the average mining cost to be around $53,000 per BTC.
This volatility often impacts smaller traders who may be more vulnerable to market manipulations, prompting them to sell even with minor percentage decreases in price. Despite market expectations, the price has been moving downwards post-halving, raising questions about how long this trend will continue.
Although Bitcoin's supply has become scarcer, the demand remains uncertain. While bears currently seem to have the upper hand, bullish investors are poised for a sustained uptrend in the future
