Recently, even with favorable news, Bitcoin is hard to rise.

Moreover, its trend has long ceased to follow the previous four-year cycle.

Altcoin prices have dropped for six consecutive weeks; whether they can rebound depends on whether they can stop falling in the next few weeks, otherwise, they will continue to weaken.

Now it all depends on the Federal Reserve's policies and the broader environment. However, some big players say that although some people have made money in the short term and left, the long-term holders have not moved at all, and the amount of Bitcoin on exchanges is still decreasing.

Many people are stockpiling at the price range of 93,000 to 98,000, and it won't drop further for now.

Looking at the technical aspect,

Bitcoin has held at 102,700; moving forward, it will either surge to the previous high or fluctuate between 106,000 and 108,000. The current market is very similar to the wave of fluctuations in 2024, so it's advisable to avoid too much speculation.