Bitcoin can lead to a “decisive price movement” in the next few weeks as the United States determines the next bitcoin movement in other macroeconomic development.
Some analysts expect the direction to rise because Bitcoin (BTC) has not yet set the price from the US government’s professional creepto.
A clear signal of the price of Bitcoin in the next few weeks
Bitfinex analysts said that Bitcoin can be shifted by Bitcoin, especially in the market.
They pointed out that Bitcoin has been trading within a 15%price since it was about $ 90,000 since mid -November. Historically, the 15-20% integrated price range is “tend to solve in any direction within 80-90 days.”
Despite the “high correlation” of Bitcoin’s macroscopic conditions, they have led to the prices of recent elections before the recent elections in the cryptocurrency market triggered by US President Donald Trump, who recently imposes tariffs on Canada, Mexico and China. He said he could maintain more than $ 70,000. It shows the relative strengths of the assets.
Trump’s tariff news led to the “largest liquidation event in the history of cryptocurrency” on February 3, and more than $ 22.4 billion in the encryption market within 24 hours.
Bitcoin is trading at $ 97,370 at the time of publication. source: Coinmarketcap
The price of Bitcoin slipped below $ 100,000 in psychological and dropped to $ 92,584 before rebounding to $ 97,370 at the time of publication. But analysts do not rule out the possibility of another short -term cowear event that shakes the price of Bitcoin.
“Bitcoin’s short -term volatility can continue as a response to macroeconomic impacts, but long -term prospects are still positive.”
Other analysts say BTC can potentially surge if the US government confirms the expected bitcoin plan.
Crypto analyst Thomas Fahrer said on February 5, “The price will rise to $ 50,000 in a one -minute candle on the day the US government announced that it purchased Bitcoin.”
MICHAël Van de Poppe, founder of MN Capital, who expresses similar emotions, said in the X Post on the same day, “It is now if you understand that the US government should be positive for encryption.”
“Bitcoin is still neutrally valuable, and Altcoins is criminal undervalued. The entire sector was crime, ”Van de Poppe said.
relevant: Bitcoin sales pressure can be increased after 49.7k BTC Onchain Move.
“Adoption is bigger at any time,” he said.
“This is not often the time you say. I will log out, and I expect this market to reach its peak. It’s far from that. ”
magazine: Ether Leeum Game MOONRAY: Web3 Gamer to be released on Xbox and PS5
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.