Bitcoin Weekly Script: Surge, Fall, Oscillate, then Moonshot!
BTCUSDT Bitcoin is currently priced at 30051, with four consecutive weeks of horizontal movement at a high level with insufficient volume.We still need a surge in trading volume to push the price.
I am more inclined to believe that with increased volume, the price will surge to around 34322, a typical market behavior to lure bulls!
Then the bears will exert their strength, gradually suppressing the price to the strong support level of 25175.
During the period when people are hesitating whether to be bullish or bearish, the market will oscillate, and the chips will be fully exchanged during this period.
Then, the bulls will lift the price sharply to the resistance level of 39600, completing a large cycle structure since the bottoming in November 2022!
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