A well-known cryptocurrency analyst has warned that Bitcoin (BTC) may face a further decline before another rise. The analyst noted that BTC is showing signs of reaching a local peak, mirroring previous patterns seen earlier this year. Despite short-term challenges, the analyst remains optimistic about Bitcoin's long-term prospects, suggesting that it is on the verge of a significant breakout. Currently, BTC is valued at $66,600, having dropped 5% in the past 24 hours.

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