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.