Analyst: Bitcoin price target eyes $90k

CryptoWorld News reports that, according to The Daily HODL, several veteran crypto analysts have turned bullish on Bitcoin, which is currently trading at approximately $78,065. Analyst Donalt predicts that Bitcoin may print higher highs on the weekly chart, potentially reaching $90,000. He said, “From a technical perspective, I don’t understand why so many people are bearish, but based on the charts, things aren’t bad. I’m cautiously optimistic about Bitcoin’s price.” He also suggested that Bitcoin could regain the $82,000 and $86,000 support levels before breaking through to $95,000, representing an increase of roughly 26% from its current value. Analyst Dave the Wave also noted that Bitcoin is breaking through the diagonal resistance of the ascending trendline, indicating more upside potential, and predicted that Bitcoin will reach $95,000 in June. Finally, crypto trader Michaël van de Poppe pointed out that Bitcoin’s fundamentals remain strong; although the market has experienced a small correction, Bitcoin’s momentum is still intact and its technical structure remains sound. He expects Bitcoin to soon attempt to break the $86,549 resistance level.