The analyst offered their evaluation by stating, “As you mentioned a few weeks ago, the bulls stand to benefit from Bitcoin’s extended period of stability. This allows us to process the significant movement that has occurred. It was quite an assertive move, typically requiring disruption and digestion throughout the market. However, if we experience sufficient prolonged sideways movement, the digestion process can be effectively completed. Ideally, a false breakout would occur afterwards. In my opinion, as long as Bitcoin remains above $62,500 and does not dip below $61,000, its prospects appear highly promising.”
