Bitcoin Meteoric Rise: Analyst Predicts $90,000 Milestone In April
Amid the bearish pressure witnessed in the price of Bitcoin, Captain Faibik, a popular cryptocurrency analyst and trader, has identified the potential for a significant rebound that could send BTC to an unprecedented level before the end of April.
Bitcoin Might Be Poised For New Peak This Month Bitcoin is presently exhibiting a downward pressure on low timeframes, falling to the $65,000 price level after briefly touching $71,000 on Monday.
Despite the adverse price action, Captain Faibik is confident there will be an uptick in the price of BTC this month.
Related Reading: Bitcoin Weekly Range Breakout Signals Potential Upsurge: Analyst Captain Faibik’s analysis emphasizes Bitcoin’s bullish pennant formation on the 12-hour timeframe chart.
According to the crypto expert, an upside breakout is anticipated later this week.
Should there be a successful breakout, as anticipated by the expert, Bitcoin might be poised to reach a new all-time high.
As a result, Captain Faibik has set his price target around the $88,000 and $90,000 threshold this month.
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