🚨 Bitcoin Market Analysis 🧾⬇️

On May 11, 2020, the Bitcoin halving happened without triggering a bull run. BTC continued its usual patterns until January 9, 2021, when it started to rise, lifting altcoins with it. From January 9 to May 15, 2021, altcoins surged to new highs. However, on May 19, 2021, the market crashed, and fear spread, causing massive selling. The market cap of altcoins dropped from $2.47 trillion to $1.76 trillion, and by July, it fell to $1.24 trillion.

From July 20, 2021, Bitcoin began to climb to new highs, and by September, the altcoin market cap reached $2.32 trillion again. The momentum continued until November 13, when the market hit an all-time high of $2.97 trillion. After that, the market declined, dropping to $1 trillion by March 13. This cycle coincided with Bitcoin's halving season.

Analyzing Bitcoin prices, the last time BTC reached an all-time high, the RSI was very high, touching 90. After four years, it reached an ATH again with a similar RSI. The 2020 halving saw BTC rise to new highs, but it took about eight months for the bull run to start. So, while the bull run may have started, it's unrealistic to expect Bitcoin to quickly reach 80-100k. Influencers pushing these predictions are just seeking views.

Currently, BTC is at stake. It's going down, and I stand by my prediction. If it goes up, I'm wrong, but I still believe BTC will dump again. June 27th, 28th, and July 1st are critical days with upcoming news that will affect BTC. For now, BTC is declining, and there's a lot of uncertainty.

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