There are two significant bearish scenarios suggesting that Bitcoin (BTC) may face a further retracement.
First,
Warren Buffett's decision to cash out in 2020 before the COVID crash and his similar action recently could indicate a potential downturn. Second, the daily time frame is approaching a death cross, which often signals bearish momentum. If Bitcoin fails to reclaim $63k in the coming days and the ongoing Israel-Iran conflict intensifies, we might see $BTC drop to $40k or even lower. This is my first bearish outlook, and while it's unsettling, it's a possibility that shouldn't be ignored.
