1️⃣ Halving and Price Cycles:


• Halving stimulates Bitcoin’s price increase, as the reduction in supply leads to a price surge, as seen in the 2016 and 2020 cycles.


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


2️⃣ Future Predictions:


• After the last halving in 2024, a new rise is expected, potentially bringing Bitcoin to $220,000.


3️⃣ Weak Bullish Momentum (RSI):


• Despite Bitcoin’s rise, the RSI has not reached previous highs, indicating weaker bullish momentum.


🔍 Reasons for Weak Momentum:


• Market saturation, investor awareness, economic factors, supply-demand changes, and profit-taking.


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