Bitcoin's Bull Run May Continue to $80K, Analysts Predict

IconCrypto News Terminal22 Apr, 2024

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Bitcoin's Bull Run May Continue to $80K, Analysts Predict

Bitcoin's (BTC) recent rally may extend to $80,000, according to several analysts. Cooling post-halving funding rates indicate a less overheated market, providing room for further growth. Experts believe BTC has broken above its $65,000–$66,000 range, signaling potential upside. $67,500 (ascending triangle top) and $73,800 (all-time high) are identified as immediate resistance levels. A weekly close above this range could pave the way for a surge to $80,000. Previously on April 22nd, 2024, analysts predicted Bitcoin's potential to reach $80,000 due to similar market conditions.