Bitcoin

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 <p class="paragraph">As the cryptocurrency sector opens the week on a more bullish note, its representative asset Bitcoin (BTC) has surpassed a critical resistance level and is looking at an imminent breakout that could culminate with an $85,000 price peak, according to a renowned crypto <a rel="noopener noreferrer nofollow" title="expert" href="https://thebittimes.com/tag/expert.html">expert</a>.</p>
 <p class="paragraph">Specifically, professional crypto trader Ali Martinez has recently observed that Bitcoin appeared to be breaking out of its symmetrical triangle chart pattern and that holding above $70,8000 would make $85,000 its next <a rel="noopener noreferrer nofollow" title="target" href="https://thebittimes.com/tag/target.html">target</a>, as he explained in an X post on April 8.</p>
 <figure class="wp-block-image"><img decoding="async" width="800" height="335" src="https://cdn.thebittimes.com/images/2024/04/08/157d8b6fc999dc837df024131588b96b.webp" alt="Bitcoin price prediction and analysis" class="wp-image-167267" srcset="https://cdn.thebittimes.com/images/2024/04/08/157d8b6fc999dc837df024131588b96b.webp 800w, https://cdn.thebittimes.com/images/2024/04/08/157d8b6fc999dc837df024131588b96b.webp 300w, https://cdn.thebittimes.com/images/2024/04/08/157d8b6fc999dc837df024131588b96b.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>Bitcoin price prediction and analysis. Source: </em><em>Ali Martinez</em>
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 <h2 class="wp-block-heading" id="h-bitcoin-price-prediction">Bitcoin price prediction</h2>
 <p class="paragraph">Indeed, as Martinez’s <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> demonstrates, the flagship decentralized finance (DeFi) asset’s apparent <a rel="noopener noreferrer nofollow" title="coming" href="https://thebittimes.com/tag/coming.html">coming</a> out of this pattern at the above crucial resistance point suggests it is moving in an uptrend and that further price increases will ensue, perhaps even to a new all-time high (ATH).</p>
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 <p class="paragraph">Meanwhile, the maiden crypto asset was at press time changing hands at the price of $72,720, which suggests a 4.93% gain in the last 24 hours, adding up to the 3.93% advance accumulated across the previous seven days, as well as increasing 5.55% on its monthly chart, as per the latest data.</p>
 <figure class="wp-block-image"><img decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/04/08/334d82223148ca903b89256f281d89d0.webp" alt="Bitcoin price 24-hour chart" class="wp-image-167268" srcset="https://cdn.thebittimes.com/images/2024/04/08/334d82223148ca903b89256f281d89d0.webp 750w, https://cdn.thebittimes.com/images/2024/04/08/334d82223148ca903b89256f281d89d0.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>Bitcoin price 24-hour chart. Source: </em><em>Finbold</em>
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 </figure>
 <p class="paragraph">All things considered, Bitcoin could, indeed, meet the analyst’s optimistic expectations and hit the $85,000 price <a rel="noopener noreferrer nofollow" title="target" href="https://thebittimes.com/tag/target.html">target</a> soon, particularly against the backdrop of the up<a rel="noopener noreferrer nofollow" title="coming" href="https://thebittimes.com/tag/coming.html">coming</a> BTC halving date on April 17, which could help its looming price rally.&nbsp;</p>
 <p class="paragraph">That said, the gains that should follow the Bitcoin halving date will probably be lower in comparison to its advances after previous halving events, as the percentage increase post-halving has diminished over time, so doing one’s own research is critical before investing.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-expert-ali-martinez-forecasts-85-000-bitcoin-target-incoming-tbt84794.html">https://thebittimes.com/crypto-expert-ali-martinez-forecasts-85-000-bitcoin-target-incoming-tbt84794.html</a></p>

Crypto expert Ali Martinez forecasts $85,000 Bitcoin target incoming

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