#XRPETF Analyst: Bitcoin chart indicates a "decisive price movement" in the coming weeks

Bitcoin may experience a "decisive price movement" in the short term and, although short-term volatility may continue, the long-term outlook "remains positive," analysts say.

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.

Some analysts anticipate that the direction will likely be upward, as Bitcoin

BTC €95,206 has not yet fully discounted the pro-crypto stance of the U.S. government.

Clearer signals about Bitcoin's price in the coming weeks

Analysts from Bitfinex indicated in a recent market report that Bitcoin could experience a change, "especially as more macroeconomic events unfold."