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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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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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>
  </figcaption>
 </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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