Why Bitcoin is currently weak?

[Madmax789]

The price of Bitcoin can fluctuate significantly, and periods of weakness can be affected by various factors. Economic factors such as rising interest rates, inflation and economic uncertainty can affect all risky assets, including Bitcoin. When central banks raise interest rates, for example, investors often move away from riskier assets like bitcoin and toward safer assets like bonds. News of government investigations, or possible restrictions on the use of cryptocurrencies, can affect investor confidence. Some governments have recently increased regulations around crypto exchanges and digital assets, which can affect prices. When market sentiment shifts to a more conservative, risk-averse mode, assets such as Bitcoin often experience reduced demand. This can occur during global events such as economic downturns, geopolitical tensions or crises, where investors shift their money to assets considered safer. Certain market events, such as large holders (or "whales") selling significant amounts of Bitcoin, can create downward pressure on the market. In some cases, events such as the upcoming Bitcoin halving or security breaches at exchanges may also affect the supply-demand balance as new blockchain projects and technologies (such as Ethereum 2.0, Solana, or Layer 2 solutions) emerge, causing investors to move away from Bitcoin, among othersCan look for opportunities in cryptocurrencies.This could reduce demand for Bitcoin in favor of these alternatives. It is common for Bitcoin to experience corrections, where investors take profits and the market consolidates. This is a natural cycle in the volatile world of cryptocurrency.
If you are interested in recent Bitcoin price data or specific news, I can provide a current update.

[SmartGold01]

I can see the momentum holds by Donald Trump because already bitcoin has created another ATH by reaching 78k though I know there are possibility for bitcoin to create another, but just as you said Maybe after having swon in as 47th president. With the good news you would see the spontaneous increase in cryptocurrency and not only in Bitcoin but in all coins.

78K? maybe you saw the wrong ATH bitcoin, mate. because the ATH bitcoin reached today is 77,252K.
Trump's election as US president has a good influence on the crypto market, as soon as we see the price of bitcoin touch 80K.
I still hold some of my bitcoins in my wallet and will sell them gradually after the price of bitcoin touches 100k.

My bad! was to write 77k plus. Of course there has been a tremendous increase in the market than ever and will also adopt to your method by selling gradually maybe during the bear market which might last for long, at then I can also make sure to fill up my bags. But the real question is will bitcoin ever go back to 40k after coming bull run?