A clear general weakness in the direction of Bitcoin, which we can clearly see, according to what it achieved in the previous cycle
Bitcoin was making a big multiplier in each cycle from its previous peak to its next peak
These doubles decrease with each cycle
This time the decrease was very strong
Which is why there is concern for the general direction of Bitcoin in the future
In the previous picture, we see that the second session achieved 44 times the top of the first session
Then hit 15 times in the next cycle
While the previous session only achieved two and a half times
It is a very small number compared to the rest of the figures, and it shows that the percentage of decreasing decreases significantly more than expected
This could mean that it may take Bitcoin for the entire next bullish cycle to achieve equal to or less than one double of its previous peak at 69,000.
Then it may enter into a relatively long downtrend because the general upward trend has become very weak and can no longer achieve high peaks
And his general bearish trend may have already begun!