This article seems to me to be a good analysis of the current situation of Bitcoin.

"Three main forces driving the market down could push it still lower before it regains footing and starts to climb back. In fact, the industry may need to wait until 2026 before it sees sustained bullish momentum again."

https://unchainedcrypto.com/bitcoin-has-declined-20-how-soon-could-the-btc-price-revive/