Recently, even with favorable news, Bitcoin has had difficulty rising.

Moreover, its trend has long since deviated from the previous four-year cycle.

Altcoin prices have fallen for six consecutive weeks; whether they can rebound depends on whether they can stop the decline in the next few weeks, or else they will continue to weaken.

Currently, 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 exited, those who hold coins for the long term have not moved at all, and the amount of Bitcoin on exchanges is still decreasing.

At the price range of 93,000 to 98,000, many people are accumulating, so it won't drop temporarily.