**Bitcoin Struggles to Break Bullish, Analysts Predict Cooling-Off Period**

Bitcoin's chart structure is still grappling to enter bullish territory, with a retest of its $73,679 all-time high potentially taking longer than expected, according to crypto analysts. Popular Bitcoin analyst Willy Woo suggests that the next one to three weeks may be a cooling-off period before another bullish attempt.

Currently, Bitcoin is priced at $61,243, down 3.98% since Oct. 1, and has dropped 4.72% over the past week. The decline follows a major missile strike by Iran targeting sites across Israel, which impacted market sentiment.

The Crypto Fear & Greed Index has also shifted from "Greed" to "Fear," scoring 42. This shift has rattled traders, with $128.49 million in long positions liquidated in the past 24 hours.

Despite a recent 25% surge, veteran trader Peter Brandt notes that Bitcoin's rally hasn't disrupted the 7-month trend of lower highs and lower lows. He argues that only a close above $71,000, confirmed by a new all-time high, will indicate a sustained bullish trend.