đ„According to CoinEdition: $BTC Price Target for April Stands at $86K: Analyst Says
Bitcoinâs price remains relatively stable, hovering between $68,000 and $71,000, despite touching the $70,000 mark again recently. Amid this sideways movement, analysts remain optimistic, citing bullish indicators that suggest a potential breakout on the horizon.
Adrian Zidanic, a respected analyst and part of the Crypt BB analyst group, has highlighted a bullish ascending triangle forming in Bitcoinâs chart during this period of consolidation at the âThinking Cryptoâ podcast.
Zidanic anticipates a breakout soon, with a target price of $86,500. While acknowledging the possibility of unforeseen market movements, Zidanicâs analysis points to a higher probability of a bullish scenario playing out.
âBitcoin is grinding sideways and it could break out of this bullish ascending triangle and head up to that $86,000 target or higher. I think it could go to $90,000. I have a range of $85,000 to $90,000. I hope it goes higher. I hope it can touch $100,000,â Zidanic opined.
