Bitcoin chart signals ‘decisive price move’ in coming weeks: Analyst
Since November last year, Bitcoin has been consolidating within a 15% range, with the market awaiting clarity on the U.S. government's Bitcoin policy. Following Trump's announcement of tariffs on Canada, Mexico, and China, a $2.24 billion crypto market liquidation event was triggered, causing Bitcoin to drop below the $100,000 psychological level, reaching a low of $92,584 before rebounding to $97,370. Analysts predict that once the U.S. government announces Bitcoin purchases, the price could surge by $50,000 within a single minute, potentially driving the market into a new upward trend.
