Fundstrat analyst says that Bitcoin could experience a significant decline soon. Currently trading around $77,800, even if BTC surpasses $75,000, Sean Farrell believes this rally is not very strong. He even warns it could drop as low as $60,000.

Farrell's analysis is interesting — he says that most of the recent week's buying activity has been artificially inflated. There was a surge in demand around STRC issuances and dividend dates, but this is temporary. When these flows of about $2 billion stop, support in the market may disappear.

Also, the macro environment isn't very good — geopolitical risk premiums are weakening, and the fear index is at its lowest levels. So technically, a move below $60,000 could be the most likely scenario. Caution is advised in the short term.