$BTC $BTC BTC's Looming Downturn: A Bearish Outlook

Bitcoin (BTC) is poised for a bearish reversal, driven by a combination of technical and fundamental factors. The cryptocurrency's recent upward momentum has stalled, with the Relative Strength Index (RSI) indicating overbought conditions. Additionally, growing regulatory scrutiny, decreased trading volume, and the potential for a miner sell-off are expected to exert downward pressure on BTC's price. With a potential target of $35,000, BTC's bearish trajectory is likely to continue, offering a cautionary tale for investors and traders to adjust their strategies accordingly.