Crypto analyst EGRAG predicts that Bitcoin may experience a short-term decline to $73,000 before its next major increase. The analyst notes that Bitcoin is forming a Bearish Engulfing Candle on the three-day chart, indicating potential downward pressure and a reversal signal. However, EGRAG is still optimistic about Bitcoin's overall direction, suggesting that it may reach new all-time highs after the retracement. Other analysts, including one from Binance and Tom Lee of Fundstrat, also support the idea of Bitcoin reaching higher levels in the long term. Despite short-term volatility, Bitcoin is expected to remain in an uptrend.



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