I cannot foresee any bearish scenario for BTC alone for the reason of the USA government's support for cryptocurrency, they will somehow would not let sentiment over it to go down plus the support of ETFs and institutional adoption makes the price of Bitcoin alone gets higher and higher.

One big factor for the positive price action is the fact that BTC has a finite supply. Then one catalyst I see for another leg-up is the FED's interest rate cut which will cause inflation somewhat and it favors BTC's price.👌😋