According to the analyst, the current situation with Bitcoin is in line with a previous observation made a few weeks ago. The analyst believes that the longer Bitcoin maintains its sideways movement, the more advantageous it is for the bulls. This is because the sideways movement allows for the absorption and assimilation of the previous market fluctuations. The analyst describes this movement as particularly aggressive, typically requiring disruption and digestion by the entire market. However, if the sideways movement persists for a sufficient period of time, the digestion process can be completed. In the best-case scenario, a fake breakout occurs after this digestion phase. The analyst asserts that Bitcoin’s prospects are positive as long as its value remains above $62,500 and does not fall below $61,000.
