1️⃣ Halving and Price Cycle:

• Halving stimulates the price of Bitcoin to rise, as supply decreases leading to a spike in price, as seen in the 2016 and 2020 cycles.

• After each halving, Bitcoin reaches a price peak, then falls to a low before starting a new cycle.

2️⃣ Future Predictions:

• After the most recent halving in 2024, it is expected that the price will rise again, potentially bringing Bitcoin up to $220,000.

3️⃣ Weak Bullish Momentum (RSI):

• Although Bitcoin is rising, the RSI has not yet reached previous highs, indicating weaker bullish momentum.

🔍 Reasons for Weak Momentum:

• Saturated market, investor perception, economic factors, supply-demand changes, and profit taking.

#bitcoin☀️ #Altcoin

Bullrun#BullRun🐂