The analyst provided this evaluation, stating, “As you mentioned a few weeks ago, the bulls will benefit from Bitcoin’s prolonged sideways movement as it allows for the digestion of the recent significant price shift. Typically, such movements require disruption and absorption by the entire market. However, if there is sufficient extended sideways movement, the digestion process can be successfully concluded. In my opinion, the ideal outcome would be a false breakout following this. Overall, as long as Bitcoin remains above $62,500 and does not dip below $61,000, it appears to be in a favorable position.”
