$BTC
Bitcoin chart signals ‘decisive price move’ in coming weeks: Analyst
Bitcoin could soon make a decisive price move as the US government’s stance on crypto and broader macroeconomic factors shape market sentiment.
Some analysts expect an upward trend, arguing that Bitcoin has not yet fully reflected the US’s pro-crypto policies.
Key signals for Bitcoin’s next move
Bitfinex analysts noted that Bitcoin has been trading within a 15% range since mid-November, around $90,000. Historically, such consolidations tend to break within 80-90 days, suggesting an imminent move.
Despite market turbulence, including tariffs imposed by US President Donald Trump on Canada, Mexico, and China, Bitcoin has held above its pre-election price of $70,000. Analysts see this as a sign of strength.
On Feb. 3, Trump’s tariff announcement triggered the largest liquidation event in crypto history, wiping out $2.24 billion in 24 hours. Bitcoin briefly fell below $100,000 to $92,584 before rebounding to $97,370. Analysts warn of potential short-term volatility but remain optimistic about Bitcoin’s long-term prospects.
A major surge on the horizon?
Some experts believe that once the US government formally announces its Bitcoin strategy, BTC could see a dramatic surge.
Crypto analyst Thomas Fahrer stated on Feb. 5, “The day the US government announces they are buying Bitcoin, the price will go up $50,000 in a single 1-minute candle.”
MN Capital founder Michaël van de Poppe echoed this view, saying, “If the US government realizes it needs to support crypto adoption, the time is now.” He emphasized that while Bitcoin remains fairly valued, altcoins are significantly undervalued.
“The adoption is bigger than ever,” he added. “This is not the time to step away from the market.”$BTC