Rally

2024

April

Captain

<p>The post <a href="https://coinpedia.org/price-analysis/bitcoin-price-rally-ahead-as-analysts-predict-15-20-surge-after-upside-breakout/" rel="noopener noreferrer nofollow">Bitcoin Price Rally Ahead: As Analysts Predict 15-20% Surge After Upside Breakout</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>While the Bitcoin halving event may not produce an immediate impact on BTC price, analysts anticipate a significant surge over the next 12 months leading up to 2025. Despite this anticipation, Bitcoin’s price has <a href="https://coinpedia.org/news/cryptocurrency-analyst-predicts-potential-peak-for-bitcoin-in-this-bull-market/" rel="noopener noreferrer nofollow">remained relatively stable</a>, holding steady around the $64,000 mark following the halving.&nbsp;</p>
<p>Notably, esteemed crypto analyst Captain Faibik predicts a bullish rally of approximately 15-20% in the coming days.</p>
<h2 class="wp-block-heading" id="h-bitcoin-bullish-rally-ahead">Bitcoin Bullish Rally, Ahead!</h2>
<p>Renowned crypto analyst Captain Faibik has <a href="https://twitter.com/CryptoFaibik/status/1781514542230495371" rel="noopener noreferrer nofollow">sparked optimism</a> among investors by hinting at a potential bullish breakout. He points to an upside breakout observed in the Falling Wedge pattern, which typically hints at a reversal of the current downtrend and suggests a forthcoming bullish breakout.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> Daily RSI is forming Falling Wedge formation..!!<br><br>Seems like It has bottomed out and I'm expecting a Upside Breakout soon. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f51c.png" alt="🔜" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>+15-20% Bullish Rally incoming <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/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://t.co/2FTgorjPjP" rel="noopener noreferrer nofollow">pic.twitter.com/2FTgorjPjP</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1781514542230495371?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 20, 2024</a>
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<p>According to Faibik, the Falling Wedge formation indicates that Bitcoin’s RSI has hit a bottom and is now poised for an upward movement. This observation aligns with the anticipation of a <a href="https://coinpedia.org/news/bitcoin-whales-make-massive-move-as-bitcoin-price-surges-to-65k-are-bulls-back/" rel="noopener noreferrer nofollow">bullish rally of approximately</a> 15-20% following the potential breakout from the pattern.</p>
<p>If the Falling Wedge pattern is confirmed and Bitcoin’s RSI breaks out to the upside, it could trigger a significant price surge, injecting renewed optimism into the cryptocurrency market. However, it’s essential to remember that cryptocurrency markets are inherently volatile, and price movements can be influenced by various factors.</p>
<h2 class="wp-block-heading" id="h-bitcoin-aim-for-80k">Bitcoin Aim For $80k</h2>
<p>Another esteemed crypto trader, Doctor Profit, has expressed bullish sentiment regarding Bitcoin’s price following the successful completion of the 4th Bitcoin halving. This significant event typically <a href="https://coinpedia.org/price-analysis/bitcoins-price-predictions-post-halving-whats-next/" rel="noopener noreferrer nofollow">signals an upward trend in Bitcoin’s</a> price trajectory.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> halving is fully done, now miners need to earn x2 of what they have earned before to remain profitable<br><br>In other words, $80.000 is needed for miners to stay profitable with current halving rate. Bullish times ahead, only few understand..</p>— Doctor Profit <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1e8-1f1ed.png" alt="🇨🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DrProfitCrypto) <a href="https://twitter.com/DrProfitCrypto/status/1781479875041226784?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 20, 2024</a>
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<p>Historically, miners received a fixed amount for validating transactions and maintaining the network’s security. With the rewards now reduced by half, miners face the challenge of doubling their earnings to remain profitable. As it stands, miners need to earn <a href="https://coinpedia.org/news/10x-research-says-bitcoin-miners-to-dump-5-billion-worth-of-btc-altcoin-to-drop/" rel="noopener noreferrer nofollow">approximately $80,000</a> per Bitcoin to remain profitable in the current environment.</p>
<p>Despite the formidable challenge posed by the halving, Doctor Profit remains bullish on Bitcoin’s prospects. The trader sees the event as a precursor to bullish momentum, driven by the scarcity of Bitcoin and its increasing adoption as a store of value</p>

Bitcoin Price Rally Ahead: As Analysts Predict 15-20% Surge After Upside Breakout

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