Bitcoin, '95,000 Dollar' Target Emerges..."Bear Market is Over"

▲ Bitcoin (BTC)

As Bitcoin (Bitcoin, BTC) maintains a solid trend around the $78,000 mark, veteran market analysts are unanimously pouring out optimistic forecasts and raising their price targets.

According to cryptocurrency specialized media Daily Hodl on April 23 (local time), analyst DonAlt diagnosed that Bitcoin is raising its highs on a weekly basis and is on the verge of entering the $90,000 range. DonAlt emphasized that, excluding geopolitical factors, there is no reason to discuss a downtrend from a technical perspective. He predicted that Bitcoin would secure $82,000 and $86,000 as support levels, then surge by about 26% from its current price to $95,000.

Another analyst, Dave the Wave, also lent weight to the possibility of further Bitcoin increases. His analysis is that Bitcoin has broken through the ascending trendline, which is a diagonal resistance line, securing bullish momentum. He presented a specific timeline, stating that Bitcoin will reach $95,000 by June. As the technical structure enters its completion phase, it is evaluated that buying forces have completely taken control of the market.

Virtual asset trader Michaël Van De Poppe analyzed that Bitcoin's fundamentals remain strong. He explained that despite the minor correction in the market recently, Bitcoin's intrinsic value and upward momentum have not changed. Van De Poppe stated, "Despite small market corrections, little has changed in Bitcoin, and its momentum and technical structure remain intact." He predicted that Bitcoin would soon attempt to break through the resistance level of $86,549.

Bitcoin is currently trading around $78,065, up 1.2% from the previous day, preparing to reclaim the symbolic $80,000 price point. Market participants are encouraged by analysts' continuous bullish forecasts and are anticipating additional capital inflows. Trading volume also remains stable, charting an upward curve without significant downward pressure. If it breaks through key resistance levels, the market's energy is likely to erupt even more explosively.

Experts evaluate that Bitcoin has completely nullified past downtrends and reached the peak of a new bullish cycle. Whether it breaks through $80,000 will be a decisive milestone determining the future direction of the entire virtual asset market. The $95,000 target presented by veteran analysts is not just a prediction but a reflection of fundamental changes in market structure. Bitcoin now stands at the final gateway to setting new historical highs.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*