Here's the chart:
Lots of crypto people are impatient and puzzled about why bitcoin won't move past the highs it made in 2021. After all we've had the halvening.
In big part, this is down to Wall Street trading bots who sell at $70,000 and buy at $65,000. But it's also due to bagholders from 2021 selling with a sigh of relief when the price is above $69,000.
Finally, it's because no new money is coming into crypto, especially from the retail side. If you've been clobbered by rising costs and rising debt payments, then there is little left over to put into crypto.
Perhaps the critics were right and bitcoin needs low interest rates to prosper.