In a recent analysis by BRN, expert Valentin Fournier highlighted a temporary halt in the **upward trajectory** of Bitcoin. This pause might signal that **institutional investors** are beginning to realize their profits, which could result in a short-term **correction**. Fournier noted that once this phase concludes, Bitcoin’s price is likely to regain its **upward momentum**. He emphasized the importance of monitoring forthcoming **economic indicators** and market events that might suggest a possible **trend reversal** in Bitcoin’s price behavior. Fournier further stated, “At present, the potential for upward movement appears more pronounced than the risks associated with short-term declines.” However, he warned that if the upcoming **Consumer Price Index (CPI)** data exceeds market expectations, it may instigate significant **market volatility**, impacting cryptocurrencies broadly. Investors should remain vigilant as they navigate these market fluctuations.
Source: https://en.coinotag.com/breakingnews/bitcoins-uptrend-pause-analyst-warns-of-potential-short-term-pullback-amid-profit-taking/