Bitcoin is poised for a decisive price movement in the near future, with analysts indicating an upward trend as the U.S. government formulates its pro-crypto strategy. Analysts from Bitfinex report that Bitcoin has remained within a 15% price range since mid-November, often leading to notable price shifts within 80 to 90 days. Despite facing recent turbulence from macroeconomic influences, Bitcoin has shown resilience, remaining above its pre-U.S. election figure of around $70,000. As of the latest report, Bitcoin is trading at $97,370, having slightly rebounded from a dip below the $100,000 psychological mark. Analysts warn there may still be short-term volatility, but maintain a positive long-term outlook. The potential for a significant price surge is anticipated once the U.S. government publicly supports Bitcoin, with expert forecasts suggesting a rapid increase of $50,000 in just one minute upon such an announcement. The overall sentiment is that the crypto sector, particularly altcoins, is undervalued, with a strong case for increased adoption.

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