I just read an interesting analysis from Fundstrat analyst about the current situation with Bitcoin. The guy warns that despite the recent rise above $75K, the price could seriously pull back. He even talks about a possible drop in Bitcoin's price to $60K in the near future.

The most interesting part of his opinion is that he emphasizes there is no fundamental support holding up this growth. According to him, the recent fluctuations are just technical trends and temporary factors. He believes that Bitcoin may retest the lower boundaries of the range it has been stuck in for several months.

The analyst pointed out an intriguing aspect regarding financial instruments that artificially boosted demand before ETF launches and dividend payouts. This created a wave of buying nearly at $2 billion last week, but once these flows dry up, a market gap could form. If support disappears, the drop in Bitcoin could be quite sharp.

Additionally, the geopolitical premium is gradually weakening, the VIX fear index is falling, and macroeconomics isn't helping either. Overall, the outlook for short-term BTC price growth doesn't look very promising. It'll be interesting to see how this develops further.