The price of Bitcoin has been consolidating between $90,000 and $100,000, with expectations of a bull breakout similar to the one seen in 2023 and 2024. However, there are three developments suggesting that Bitcoin's bullish momentum is weakening. The first is the shrinking liquidity of the US Dollar, which could create a challenging environment for risky assets like Bitcoin. Secondly, progress on the strategic Bitcoin reserve issue, promised by Donald Trump, has been slower than expected. Lastly, the RSI indicator is showing a weakening upward momentum, with analysts suggesting that the decline could deepen further.



Other News from Today