Bitcoin's Bullish Run May Be Losing Steam According to a report by Bitcoin-focused research firm Bravura Research, the parabolic rally seen in BTC earlier this year could be coming to an end. The report points to several factors contributing to waning bullish sentiment, including: Outflows from US BTC spot ETFs A sideways stock market * Aggressive posturing from the Federal Reserve The report zeroes in on the $80,000 level as a potential buying opportunity should BTC correct to that level. However, it's important to note that this is just one analyst's opinion, and the market can be unpredictable. As always, investors should do their own research and invest cautiously.