Is Bitcoin Set to Surge? 3 Key Signals

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The supply continues to dry up, and this unusual volatility might end soon.

Bitcoin had a volatile and violent start to Q2 as its price tumbled at the beginning of April to a five-month low of under $75,000. This massacre transpired during the darkest days (for now) of US President Trump’s escalating trade war against the rest of the world.

As his policy and intentions became clearer and he paused the tariffs against every single nation except for China, BTC started to recover and gained $20,000 in the next couple of weeks. Since it broke above $90,000, though, over a week ago, the asset has remained sluggish in a tight sideways channel between $93,000 and $95,000.

There was a breakdown attempt yesterday, but the lower boundary held strong, and BTC is back testing the upper one now. According to several key metrics, this consolidation phase could be nearing an end, hinting at an upcoming substantial price move.

MAGIC/USDT has covered all the targets to give a profit of 108%

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