Analysts Bullish on Bitcoin: Set Next Target At $82,000
11 Avril 2024 - 6:00PM
NEWSBTC
Once again, the price of Bitcoin rose bullishly, breaking through
the $70,000 barrier, demonstrating strength for an upward movement.
Bitcoin At $82,000 Remains The Target Following the recent recovery
observed today, Crypto Jelle, a popular cryptocurrency expert and
Bitcoin enthusiast, has made a bullish forecast for the crypto
asset, citing the $82,000 level in the short term. Crypto Jelle
highlighted that after a fakeout, Bitcoin retested the cycle highs
of 2021, bounced, and then broke out once more. According to the
analyst, BTC now has just one more obstacle to surpass as a result
of the retest. Related Reading: Are The Odds In Bitcoin Bulls
Favor? These Analysts Forecast BTC’s Future Furthermore, he affirms
that the race toward new highs will begin when the largest
cryptocurrency asset manages to break and hold over $71,500. As a
result, the crypto analyst anticipates a rally soon, placing the
coin’s next target at around $82,000. Jelle has addressed a
pressing issue in the crypto community. He mentioned some are still
concerned about the next 3% move, whereas the higher timeframe
chart seems more optimistic. Thus, he has urged investors to be
patient and hold onto their bags to enjoy the positive move, as the
crypto asset appears to be poised for significant growth in the
upcoming months. With the impending halving event anticipated to
occur this month, Jelle’s prediction could develop in a short
period. Halvings have historically been seen to have a significant
effect on the coin. If this year’s halving mirrors past trends, BTC
could surge to $82,000 in weeks and even further upward. Several
analysts believe that the event could propel the price of BTC to
$150,000 before the end of the year. At the time of writing,
Bitcoin was trading at $70,344, indicating a 1.84% increase in the
past 24 hours. Both its overall market cap and trading volume have
also risen by 1.87% and 13% respectively in the past day.
Speculated Price Target For BTC This Month Ever since BTC witnessed
a price recovery, many bullish predictions have surfaced concerning
its next trajectory. Another analyst who has predicted BTC to reach
above the $80,000 range is Adrian Zidanic. Related Reading: 12 Days
Until Bitcoin Halving: Why $100,000 Isn’t Much Further Away During
an episode on Thinking Crypto, Tony Edward the show’s host, drew
attention to Zidanic’s prediction, in which the expert pointed out
a bullish ascending triangle that is emerging in the Bitcoin chart
within this consolidation phase. Zidanic foresees a breakout
occurring shortly, with $86,500 as his target price. Although his
projections acknowledge a greater likelihood of a positive scenario
unfolding within the month. Examining the chart, Edward expressed
his optimism that the aforementioned price could manifest
post-halving. Edward believes it could move further to $90,000,
underscoring his price range between $85,000 and $90,000 and urging
the community to be patient. Featured image from iStock, chart from
Tradingview.com
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