{"id":601466,"date":"2024-04-05T00:00:31","date_gmt":"2024-04-05T00:00:31","guid":{"rendered":"https:\/\/wncen.com\/?p=601466"},"modified":"2024-06-11T07:42:16","modified_gmt":"2024-06-11T07:42:16","slug":"bitcoin-bulls-roar-analysts-predict-surge-amid-bullish","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bulls-roar-analysts-predict-surge-amid-bullish\/","title":{"rendered":"Bitcoin Bulls Roar: Analysts Predict Surge To $82,000 Amid Bullish Pennant Formation"},"content":{"rendered":"

Renowned crypto analyst Jelle has caught the attention of the Bitcoin (BTC) community with his bold prediction of a target<\/a> price of $82,000.<\/p>\n

Notably, despite recent challenges in breaking above the $66,000 mark, Bitcoin currently hovers around $67,780, showing resilience in the face of a short-term pullback<\/a>.<\/p>\n

Related Reading: Bitcoin Insider Tip: Expert Signals Key Catalyst That Could Revive BTC\u2019s Rally<\/a><\/div>\n

BTC To $82,000 Soon?<\/h2>\n

In an X post uploaded earlier today, crypto analyst Jelle shared his latest view on Bitcoin. According to the analyst, the Bitcoin target “remains the same: $82,000”.<\/p>\n

It is worth noting that Jelle’s forecast is based on his observation of a “bullish pennant” formation, a technical pattern that suggests a potential surge in the price of BTC<\/a>. According to the analyst, the asset might experience some volatility this month.<\/p>\n

Jelle emphasized that a bullish pattern is forming, coinciding with the upcoming BTC halving in a few weeks. This adds credibility to the emerged bullish pennant formation and the possibility of Bitcoin reaching $82,000 shortly.<\/p>\n

\n

#Bitcoin<\/a> has formed a bullish pennant, right as we head into the halving event.<\/p>\n

Safe to say we’re in for some volatility this month.<\/p>\n

My next target remains the same: $82,000. pic.twitter.com\/PgBIG1wluX<\/a><\/p>\n

\u2014 Jelle (@CryptoJelleNL) April 4, 2024<\/a><\/p><\/blockquote>\n

Notably, the Halving is a pre-programmed event built into the Bitcoin protocol that occurs approximately every four years or after every 210,000 blocks are mined to reduce the reward for mining new Bitcoin blocks, ultimately decreasing the supply of new coins.<\/p>\n

Historically, the event has triggered bullish price movements, as reduced supply often leads to increased demand and speculative buying<\/a>. The Bitcoin halving is currently less than 20 days away.<\/span><\/p>\n

Bitcoin Latest Price Action<\/h2>\n

While BTC has faced challenges in its upward trajectory over the past week, recent movements suggest a shift in momentum. Within the last 24 hours alone, the asset has shown a promising 2.7% increase, rising from a low of $65,135 to its current trading price of $67,628.<\/p>\n

\"Bitcoin
BTC price is moving sideways on the 4-hour chart. Source: BTC\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Despite this positive movement, BTC still reflects a decline of approximately 6.4% over the past 7 days. However, amid this fluctuation, analysts such as Captain Faibik foresee the potential for a significant rebound in Bitcoin’s value before April concludes<\/a>.<\/p>\n

Captain Faibik’s analysis, mirroring the sentiments of fellow analyst Jelle, focuses on Bitcoin’s bullish pennant formation observed on the 12-hour timeframe chart. This formation suggests an imminent breakout towards the upside<\/a>.<\/p>\n

Related Reading: Bitcoin Teeters On The Edge Of Glory: Will It Smash The $70,000 Resistance?<\/a><\/div>\n

If this breakout materializes successfully, BTC could soar to unprecedented levels, with projected price targets ranging from $88,000 to $90,000 by month’s end, according to Captain Faibik.<\/p>\n

\n

$BTC<\/a> Bullish pennant formation on the 12hrs timeframe Chart.<\/p>\n

Expecting upside Breakout later this Week. \u270d\ufe0f<\/p>\n

In Case of Successful Breakout, Bitcoin might hit the 88-90k this month.#Crypto<\/a> #Bitcoin<\/a> #BTC<\/a> pic.twitter.com\/TLsujGNSYj<\/a><\/p>\n

\u2014 Captain Faibik (@CryptoFaibik) April 2, 2024<\/a><\/p><\/blockquote>\n

Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Renowned crypto analyst Jelle has caught the attention of the Bitcoin (BTC) community with his bold prediction of a target price of $82,000. Notably, despite recent challenges in breaking above the $66,000 mark, Bitcoin currently hovers around $67,780, showing resilience in the face of a short-term pullback. Related Reading: Bitcoin Insider Tip: Expert Signals Key Catalyst That Could Revive BTC\u2019s Rally BTC To $82,000 Soon? In an X post uploaded earlier today, crypto analyst Jelle shared his latest view on Bitcoin. According to the analyst, the Bitcoin target “remains the same: $82,000”. It is worth noting that Jelle’s forecast is based on his observation of a “bullish pennant” formation, a technical pattern that suggests a potential surge in the price of BTC. According to the analyst, the asset might experience some volatility this month. Jelle emphasized that a bullish pattern is forming, coinciding with the upcoming BTC halving in a few weeks. This adds credibility to the emerged bullish pennant formation and the possibility of Bitcoin reaching $82,000 shortly. #Bitcoin has formed a bullish pennant, right as we head into the halving event. Safe to say we’re in for some volatility this month. My next target remains the same: $82,000. pic.twitter.com\/PgBIG1wluX \u2014 Jelle (@CryptoJelleNL) April 4, 2024 Notably, the Halving is a pre-programmed event built into the Bitcoin protocol that occurs approximately every four years or after every 210,000 blocks are mined to reduce the reward for mining new Bitcoin blocks, ultimately decreasing the supply of new coins. Historically, the event has triggered bullish price movements, as reduced supply often leads to increased demand and speculative buying. The Bitcoin halving is currently less than 20 days away. Bitcoin Latest Price Action While BTC has faced challenges in its upward trajectory over the past week, recent movements suggest a shift in momentum. Within the last 24 hours alone, the asset has shown a promising 2.7% increase, rising from a low of $65,135 to its current trading price of $67,628. Despite this positive movement, BTC still reflects a decline of approximately 6.4% over the past 7 days. However, amid this fluctuation, analysts such as Captain Faibik foresee the potential for a significant rebound in Bitcoin’s value before April concludes. Captain Faibik’s analysis, mirroring the sentiments of fellow analyst Jelle, focuses on Bitcoin’s bullish pennant formation observed on the 12-hour timeframe chart. This formation suggests an imminent breakout towards the upside. Related Reading: Bitcoin Teeters On The Edge Of Glory: Will It Smash The $70,000 Resistance? If this breakout materializes successfully, BTC could soar to unprecedented levels, with projected price targets ranging from $88,000 to $90,000 by month’s end, according to Captain Faibik. $BTC Bullish pennant formation on the 12hrs timeframe Chart. Expecting upside Breakout later this Week. \u270d\ufe0f In Case of Successful Breakout, Bitcoin might hit the 88-90k this month.#Crypto #Bitcoin #BTC pic.twitter.com\/TLsujGNSYj \u2014 Captain Faibik (@CryptoFaibik) April 2, 2024 Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":599876,"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":[428,14119,629,678,89523,1119,78790,6664,26263,87925],"class_list":["post-601466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-asset","tag-bitcoin-market","tag-bitcoin-prediction","tag-bitcoin-surge","tag-btc","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-asset"],"acf":[],"yoast_head":"\nBitcoin Bulls Roar: Analysts Predict Surge To 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Bulls Roar: Analysts Predict Surge To $82,000 Amid Bullish Pennant Formation","url":"http:\/\/wncen.com\/news\/bitcoin-bulls-roar-analysts-predict-surge-amid-bullish\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-bulls-roar-analysts-predict-surge-amid-bullish\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/photo-41-c8ee93618c9a.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/photo-41-c8ee93618c9a.jpg?fit=900%2C599"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin asset","bitcoin market","bitcoin prediction","bitcoin surge","btc","btcusdt","crypto","crypto analyst","crypto asset"],"dateCreated":"2024-04-05T00:00:31Z","datePublished":"2024-04-05T00:00:31Z","dateModified":"2024-06-11T07:42:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Bulls Roar: Analysts Predict Surge To $82,000 Amid Bullish Pennant Formation\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-bulls-roar-analysts-predict-surge-amid-bullish\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-bulls-roar-analysts-predict-surge-amid-bullish\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/photo-41-c8ee93618c9a.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/photo-41-c8ee93618c9a.jpg?fit=900%2C599\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin asset\",\"bitcoin market\",\"bitcoin prediction\",\"bitcoin surge\",\"btc\",\"btcusdt\",\"crypto\",\"crypto analyst\",\"crypto asset\"],\"dateCreated\":\"2024-04-05T00:00:31Z\",\"datePublished\":\"2024-04-05T00:00:31Z\",\"dateModified\":\"2024-06-11T07:42:16Z\"}<\/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\/photo-41-c8ee93618c9a.jpg?fit=900%2C599","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/601466"}],"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\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=601466"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/601466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/599876"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=601466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=601466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=601466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}