Bitcoin's bullish catalysts exhausted...sharp drop likely before attempt to break all-time highs

Wall Street investment analyst firm Wolf Research has warned that bitcoin's upside catalysts have run out and that it is “likely to fall further before challenging all-time highs once again,” CNBC reports. “While bitcoin has managed to overcome a massive sell-off and rebound recently, the near-term outlook remains unclear,” Wolf Research said. Bitcoin has been in a gradual downtrend since its all-time high in March. With a lack of upside catalysts, it is likely to continue its downtrend for the time being. The days of Bitcoin's surging price with ample liquidity are long gone. Like artificial intelligence (AI), the investment frenzy surrounding Bitcoin is likely to cool down.”