Bitcoin Meteoric Rise: Analyst Predicts $90,000 Milestone In April

Bitcoin is currently experiencing downward pressure, but popular cryptocurrency analyst Captain Faibik predicts a significant rebound that could push the price of BTC to new heights by the end of April. Faibik points to Bitcoin’s bullish pennant formation on the 12-hour timeframe chart, indicating an anticipated upside breakout. If successful, Faibik predicts Bitcoin could reach a new all-time high around the $88,000 to $90,000 range this month. Additionally, buying pressure on low timeframes and the defense of key support levels suggest that Bitcoin bulls may regain momentum. However, some analysts, like The Fomo Factory, are less optimistic and anticipate a potential pullback with price targets at $60,000, $52,000, and even lower. Despite differing opinions, there is hope for a rally in the short term as the Bitcoin halving event approaches.