Many veteran cryptocurrency analysts have suddenly turned bullish on Bitcoin Bitcoin It hovers around $78,000.
The analyst goes by the pseudonym Donalt He tells His 720,800 followers on
“I don’t understand why there is so much decline here based on technical factors. You can easily justify being bearish due to geopolitical factors. But chart-wise, it doesn’t really look bad. I remain cautiously optimistic about the Bitcoin price.”
Looking at the weekly chart, the trader suggests that Bitcoin will likely reclaim $82,000 and $86,000 as support levels before breaking through the $95,000 level, an increase of approximately 26% from its current value.
Next, analyst Dave the Wave He tells His 165,200 followers on He also expects the price of Bitcoin to reach $95,000 by June.
Finally, cryptocurrency trader Michael van de Poppe He tells His 817,700 followers on X believe Bitcoin’s fundamentals remain strong.
“Despite this slight correction in the markets (Tuesday), not much has changed in Bitcoin. The momentum is still there, and the technical structure remains sound as well.”
Looking at its chart, the trader indicates that Bitcoin will soon try to break through the resistance level at $86,549.
Bitcoin is trading for $78,065 at the time of writing, up 1.2% on the day.
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