according to my analysis why the price of bitcoin has not reached $75k, it could be because many countries still refuse bitcoin to be used as a legal medium of exchange, even though many companies have accepted bitcoin as payment. because this is one of the factors that can prevent bitcoin from penetrating the new ATH and investors still choose the dollar as a safer investment in the face of unbalanced market fluctuations.
Besides many countries that are still closed with bitcoin another thing is the increasing number of FUDs, in fact I saw many telegram groups giving FUDs saying that the price of bitcoin this year could drop below $15k, but if we look at the current position of bitcoin and my transaction volume optimistic that this year it can reach at least $75k.