$BTC It is possible that Bitcoin may experience a decisive price movement in the short term, and while short-term volatility may continue, the long-term outlook remains positive. Bitcoin could be heading towards a "decisive price movement" in the coming weeks as the United States decides its next move regarding the cryptocurrency, amid other macroeconomic developments. Analysts from Bitfinex indicated in a recent market report that Bitcoin could experience a shift, "especially as more macroeconomic events unfold".

They noted that Bitcoin has been operating within a price range of 15% since mid-November, when it hovered around $90,000. Historically, 15-20% consolidation ranges tend to "resolve in either direction within 80 - 90 days".