The upward trend of Bitcoin appears to be nearing its conclusion.
It seems like Bitcoin's recent lackluster performance has dampened the enthusiasm for soaring to new heights. The Fear & Greed Index hitting its lowest point in three months reflects this sentiment, though it's quickly rebounding, indicating ongoing belief in future growth. However, this optimism might be exploited by market manipulators aiming to cash in and shake out weaker hands. Despite the reluctance to accept a downturn in BTC's trajectory, blind faith could lead to painful losses for many investors. Your earlier forecast still holds, anticipating a brief upward movement followed by profit-taking and a subsequent decline below the $60,000 support level. Interestingly, the louder the cries of "crypto is a scam," the closer we may be to the next growth phase, although it's unlikely to happen imminently.
