Analysis: BTC breaking through $87,000 may push BTC to rebound to the $90,000 to $92,000 range

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PANews
04-21
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PANews news on April 21st, according to technical analysis by CoinDesk analyst Omkar Godbole, Bitcoin price broke through $87,000, showing strong upward momentum, with potential targets in the range of $90,000 to $92,000. Previously, after consolidating between $83,000 and $86,000 for a week, Bitcoin made a bullish breakthrough. The current trend indicates that Bitcoin's recovery momentum from the low point below $75,000 on April 7th continues. If Bitcoin price falls below $85,000, this optimistic outlook may be negated.

Analysis points out that Bitcoin has exceeded the 30-day Exponential Moving Average (EMA), showing bullish momentum, while the 200-day Simple Moving Average (SMA) is at $88,245.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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