Bitcoin has fallen below its January 2025 high, underperforming compared to the NASDAQ and gold, which have risen 18% and 42% above their January highs, respectively. Gold advocate Peter Schiff has renewed his criticism, claiming Bitcoin's value is driven solely by market momentum. Analysts suggest Bitcoin's current weakness may be part of a four-year cycle, with a potential macro peak anticipated in 2025. Additionally, Bitcoin's volatility has reached a historic low, indicating a possible sharp price movement in the near future.