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I think the reason is because currently Bitcoin has become the prima donna in the crypto market and also bitcoin is increasingly favored by the public for investment. so it will be difficult for bitcoin to drop dramatically.
The cycle of Bitcoin price and rate will always be there. We cannot expect Bitcoin to always rise up in the amrket. During the bullish trend, it may be. But for the bearish trend, it will fall.However we don't know the bottom price of BTC, never know because it will really depend on the market