Recently, even with favorable news, Bitcoin finds it hard to rise. Moreover, its trend no longer follows the previous four-year cycle. Altcoin prices have dropped for six consecutive weeks; whether they can rebound depends on whether they can stop the decline in the coming weeks, otherwise, it will continue to weaken. Right now, it all hinges on the Federal Reserve's policies and the broader environment. However, some big players say that while some people are cashing out for short-term gains, those who hold coins for the long term haven't moved at all, and the amount of Bitcoin on exchanges is still decreasing. Many people are hoarding at the price level of 93,000 to 98,000, so it won't drop further for now.