Bitcoin, as the leader of the crypto assets market, has always been the focus of investors. Recent analysis shows that BTC may experience a period of volatility in the short term.

It is expected that in the next 1-4 weeks, the price of Bitcoin may fluctuate between $110,000 and $120,000. Although technical indicators show that downward pressure has weakened, stronger buying support is still needed for a breakout rally. Investors can closely follow related technical indicators, such as whether the Relative Strength Index (RSI) breaks above 60, or whether the Moving Average Convergence Divergence (MACD) forms a golden cross as a bullish signal. However, if the price falls below the support level of $116,900, it may further drop to the $100,000 mark.

From a mid-term perspective of 1-3 months, Bitcoin may see a surge in the next 6 weeks, potentially challenging the level of $125,000 or even higher. This prediction is based on the triple top pattern on the monthly chart and the technical analysis suggesting that the cloud chart system may turn upward.

However, investors should also be wary of the potential pullback risks that may arise during the contraction phase of the Kitchin cycle. The market is highly volatile, and it is recommended that investors consider multiple factors comprehensively when making decisions and manage risks appropriately.

Overall, the Bitcoin market is still full of opportunities and challenges. Investors need to stay vigilant and closely follow market trends and changes in various technical indicators in order to adjust their investment strategies in a timely manner.