{"id":601233,"date":"2024-04-03T23:00:23","date_gmt":"2024-04-03T23:00:23","guid":{"rendered":"https:\/\/wncen.com\/?p=601233"},"modified":"2024-06-11T08:47:11","modified_gmt":"2024-06-11T08:47:11","slug":"bitcoin-meteoric-rise-analyst-predicts-90000-milestone-in-april","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-meteoric-rise-analyst-predicts-90000-milestone-in-april\/","title":{"rendered":"Bitcoin Meteoric Rise: Analyst Predicts $90,000 Milestone In April"},"content":{"rendered":"

Amid the bearish pressure witnessed in the price of Bitcoin, Captain Faibik, a popular cryptocurrency analyst and trader, has <\/span>identified<\/span><\/a> the potential for a significant rebound that could send BTC to an unprecedented level before the end of April.<\/span><\/p>\n

Bitcoin Might Be Poised For New Peak This Month<\/span><\/h2>\n

Bitcoin is presently exhibiting a <\/span>downward pressure on low timeframes,<\/span><\/a> falling to the $65,000 price level after briefly touching $71,000 on Monday. Despite the adverse price action, Captain Faibik is confident there will be an uptick in the price of BTC this month.<\/span><\/p>\n

Related Reading: Bitcoin Weekly Range Breakout Signals Potential Upsurge: Analyst<\/a><\/div>\n

Captain Faibik’s analysis emphasizes Bitcoin’s bullish pennant formation on the 12-hour timeframe chart. According to the crypto expert, an upside breakout is anticipated later this week.<\/span><\/p>\n

\"Bitcoin\"
BTC could reach $88,000 – $90,000 this month | Source: Captain Faibik on X<\/a><\/figcaption><\/figure>\n

Should there be a successful breakout, as anticipated by the expert, Bitcoin might be poised to reach a new all-time high. As a result, Captain Faibik has set his price target around the $88,000 and $90,000 threshold this month. <\/span>The post read:<\/span><\/p>\n

BTC Bullish pennant formation on the 12hrs timeframe Chart. Expecting an upside Breakout later this Week. In case of a Successful Breakout, Bitcoin might hit $88,000-$90,000 this month.<\/span><\/p><\/blockquote>\n

The expert has also confirmed that the bullish pennant developed on the daily timeframe chart. Thus, the analyst is optimistic that the breakout will materialize soon.<\/span><\/p>\n

The analyst has also identified some buying pressure on low timeframes<\/span>, triggering momentum for the crypto asset. “BTC Bulls are defending the 4-hour Exponential Moving Average (EMA) 200 around $65,600 and bullish pennant also in play,” he stated.<\/span><\/p>\n

However, for the Bitcoin bulls to regain momentum, they must reclaim the critical resistance level of $70,000. This suggests the bulls still have more work to do to reach the resistance level.<\/span><\/p>\n

Currently, <\/span>Bitcoin<\/span><\/a> is trading at $66,125, with a decline of over 5% in the past 7 days. Its trading volume has plummeted by nearly 9% in the past day, while its market cap is slightly up by 0.81%.<\/span><\/p>\n

Possible Correction On The Downtrend<\/span><\/h2>\n

While Faibik anticipates a recovery, some analysts are pessimistic about the asset’s movement and express worries about a potential pullback. One of the crypto experts who predicted a further correction in BTC is The Fomo Factory.<\/span><\/p>\n

Related Reading: Bitcoin Flash Crash Washes Out 81,000 Crypto Traders For Over $220 Million<\/a><\/div>\n

The expert <\/span>discussed<\/span><\/a> possible outcomes and provided several worrying price targets for the coin. According to the analyst, Bitcoin could drop to $60,000, representing strong support, and to the $52,000 and $56,000 Fibonacci retracement line. <\/span><\/p>\n

The analyst further cautions against discounting a more significant retrace to the $48,000 and $42,000 region.<\/span><\/p>\n

This prediction casts a shady ground for the largest cryptocurrency asset as the <\/span>Bitcoin halving<\/span><\/a> event approaches. However, given the previous impact on the coin’s price, there is hope for a rally in the short term.<\/span><\/p>\n

\"Bitcoin\"
BTC trading at $65,870 on the 1D chart | Source: BTCUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Amid the bearish pressure witnessed in the price of Bitcoin, Captain Faibik, a popular cryptocurrency analyst and trader, has identified the potential for a significant rebound that could send BTC to an unprecedented level before the end of April. Bitcoin Might Be Poised For New Peak This Month Bitcoin is presently exhibiting a downward pressure on low timeframes, falling to the $65,000 price level after briefly touching $71,000 on Monday. Despite the adverse price action, Captain Faibik is confident there will be an uptick in the price of BTC this month. Related Reading: Bitcoin Weekly Range Breakout Signals Potential Upsurge: Analyst Captain Faibik’s analysis emphasizes Bitcoin’s bullish pennant formation on the 12-hour timeframe chart. According to the crypto expert, an upside breakout is anticipated later this week. Should there be a successful breakout, as anticipated by the expert, Bitcoin might be poised to reach a new all-time high. As a result, Captain Faibik has set his price target around the $88,000 and $90,000 threshold this month. The post read: BTC Bullish pennant formation on the 12hrs timeframe Chart. Expecting an upside Breakout later this Week. In case of a Successful Breakout, Bitcoin might hit $88,000-$90,000 this month. The expert has also confirmed that the bullish pennant developed on the daily timeframe chart. Thus, the analyst is optimistic that the breakout will materialize soon. The analyst has also identified some buying pressure on low timeframes, triggering momentum for the crypto asset. “BTC Bulls are defending the 4-hour Exponential Moving Average (EMA) 200 around $65,600 and bullish pennant also in play,” he stated. However, for the Bitcoin bulls to regain momentum, they must reclaim the critical resistance level of $70,000. This suggests the bulls still have more work to do to reach the resistance level. Currently, Bitcoin is trading at $66,125, with a decline of over 5% in the past 7 days. Its trading volume has plummeted by nearly 9% in the past day, while its market cap is slightly up by 0.81%. Possible Correction On The Downtrend While Faibik anticipates a recovery, some analysts are pessimistic about the asset’s movement and express worries about a potential pullback. One of the crypto experts who predicted a further correction in BTC is The Fomo Factory. Related Reading: Bitcoin Flash Crash Washes Out 81,000 Crypto Traders For Over $220 Million The expert discussed possible outcomes and provided several worrying price targets for the coin. According to the analyst, Bitcoin could drop to $60,000, representing strong support, and to the $52,000 and $56,000 Fibonacci retracement line. The analyst further cautions against discounting a more significant retrace to the $48,000 and $42,000 region. This prediction casts a shady ground for the largest cryptocurrency asset as the Bitcoin halving event approaches. However, given the previous impact on the coin’s price, there is hope for a rally in the short term. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":599020,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,8856,1119,1144,78790,90104,33242,91996,83456,91995],"class_list":["post-601233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-halving","tag-btc","tag-btcusd","tag-btcusdt","tag-captain-faibik","tag-ema","tag-exponential-moving-avarage","tag-fibonacci-retracement","tag-the-fomo-factory"],"acf":[],"yoast_head":"\nBitcoin Meteoric Rise: Analyst Predicts $90,000 Milestone In April<\/title>\n<meta name=\"description\" content=\"Captain Faibik has identified the potential for a significant price rebound that could send Bitcoin to an unprecedented level in April.\" \/>\n<meta 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Meteoric Rise: Analyst Predicts $90,000 Milestone In April","url":"http:\/\/wncen.com\/news\/bitcoin-meteoric-rise-analyst-predicts-90000-milestone-in-april\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-meteoric-rise-analyst-predicts-90000-milestone-in-april\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/iStock-1296910866.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/iStock-1296910866.jpg?fit=1305%2C804"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin halving","btc","btcusd","btcusdt","captain faibik","ema","exponential moving avarage","fibonacci retracement","the fomo factory"],"dateCreated":"2024-04-03T23:00:23Z","datePublished":"2024-04-03T23:00:23Z","dateModified":"2024-06-11T08:47:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Meteoric Rise: Analyst Predicts $90,000 Milestone In April\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-meteoric-rise-analyst-predicts-90000-milestone-in-april\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-meteoric-rise-analyst-predicts-90000-milestone-in-april\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/iStock-1296910866.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/iStock-1296910866.jpg?fit=1305%2C804\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin halving\",\"btc\",\"btcusd\",\"btcusdt\",\"captain faibik\",\"ema\",\"exponential moving avarage\",\"fibonacci retracement\",\"the fomo factory\"],\"dateCreated\":\"2024-04-03T23:00:23Z\",\"datePublished\":\"2024-04-03T23:00:23Z\",\"dateModified\":\"2024-06-11T08:47:11Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/iStock-1296910866.jpg?fit=1305%2C804","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/601233"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=601233"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/601233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/599020"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=601233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=601233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=601233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}