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<p>The post <a href="https://coinpedia.org/price-analysis/bitcoin-price-to-reach-82k-before-an-anticipated-altcoin-season-in-may/" rel="noopener noreferrer nofollow">Bitcoin Price to Reach $82k Before an Anticipated Altcoin Season in May&nbsp;</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The global cryptocurrency market capitalization has stabilized around $2.6 trillion in the past few days as the bulls attempt to regain control. In the past three days, Bitcoin’s (BTC) price has been trying to reclaim the crucial support level above $67,000. With most of the altcoin pairs against the US dollar and Bitcoin down between 20-40 percent in the past few weeks, it is safe to assume a violent uproar is on the horizon.</p>
<p>Furthermore, the calm before the storm is bolstered by the upcoming Bitcoin halving, expected to happen between April 16 and 25th.</p>
<h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin Price Analysis</h2>
<p>Most major stock market indexes, gold, and silver have already signaled the onset of a macro-bullish outlook. With Bitcoin expected to outperform them all after the upcoming halving, more cash inflows have been recorded in the past few weeks.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> fill the 63.8k CME gap &amp; Send it to New ATH. (82k) <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/e6EJ7bHloY" rel="noopener noreferrer nofollow">pic.twitter.com/e6EJ7bHloY</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1775727955240472863?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 4, 2024</a>
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<p>According to a Bitcoin price analysis by a popular crypto analyst, Captain Faibik, the flagship coin aims for $82,000 after filling the CME gap around $63k. Furthermore, Bitcoin prices in the weekly and daily time frames have formed a bullish pennant pattern.</p>
<h2 class="wp-block-heading" id="h-the-big-catcher-nbsp">The Big Catcher&nbsp;</h2>
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   <p lang="en" dir="ltr">Remember, <a href="https://twitter.com/hashtag/Altseason?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Altseason</a> is yet to come!<br><br>Altseason will Start in May 2024 (after Halving).<br><br>Accumulate and HODL your Altcoin Bags with patience (Patience will pay off).<br><br>Early Sellers will Regret later.<br><br>Avoid FOMO Buying or Panic selling – always Buy the dip.<br><br>Don't play with High… <a href="https://t.co/hv6H66kvV4" rel="noopener noreferrer nofollow">pic.twitter.com/hv6H66kvV4</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1775728737713090567?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 4, 2024</a>
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<p>The micro Bitcoin rally is primarily threatened by an impending altcoin season in the coming weeks. Furthermore, Bitcoin’s dominance has experienced a psychological resistance level of around 54 percent, thus signaling an inevitable reversal.</p>
<p>With the heightened speculation on the approval of spot Ethereum ETFs in the United States next month, Captain Faibik believes a fresh Altseason will kickstart.&nbsp;</p>

Bitcoin Price to Reach $82k Before an Anticipated Altcoin Season in May

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