Why is Bitcoin declining despite all the "support"? 📉🤔
From the peak of $126,000 down to $60,000, Bitcoin is not collapsing because of "F" or "H", but for a simpler and harsher reason: the absence of a new narrative!
What you need to know:
Loss of momentum: The primary driver was the "hope" that the price would always rise, and with the rise stopping, the influx of new buyers has ceased.
News saturation: The market has consumed all the positive news (regulation, investment funds, international recognition), and now we need a "surprising" catalyst that is currently absent.
The million-dollar question: Has the bet on digital gold run its course, or is the market waiting for a hero?