Analyst: Bitcoin is expected to rebound to the $90,000 to $92,000 range

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MarsBit
04-21
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Mars Finance News: According to CoinDesk, analyst Omkar Godbole's technical analysis shows that Bitcoin's price broke through $87,000, demonstrating strong upward momentum with a potential target of $90,000 to $92,000. Previously, Bitcoin experienced a bullish breakthrough after consolidating between $83,000 and $86,000 for a week. The current trend indicates that Bitcoin's recovery momentum from the low point below $75,000 on April 7th continues. If Bitcoin's price falls below $85,000, this optimistic outlook could 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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