Bitcoin breaks through $72,000, Where is the next target?


Bitcoin breaks through $72,000, a new high is in sight! Where is the next target?

After Bitcoin strongly exceeded US$72,000 on Monday, Markus Thielen, founder of the analysis agency 10x Research, said that Bitcoin may hit US$80,000 in the next few weeks; cryptocurrency analyst Ali Martinez also said that Bitcoin’s next target is US$85,000. .

After nearly 20 days of correction and consolidation, Bitcoin started this week strong again, reaching a maximum of $72,797 at 20:00 yesterday evening (8th), far from its historical high of $73,777 set on March 14. The dollar was just shy of a gain of about 1.3%.

After a night of shock, the price fell slightly at the time of writing and is now trading at $71,489. The increase in the past 24 hours has narrowed to 3.46%.

Founder of 10x Research: Bitcoin could reach $80,000 in the next few weeks
Facing the next trend of Bitcoin, Markus Thielen, founder of the analysis agency 10x Research, predicted in an analysis report yesterday that after Bitcoin broke through the US$72,000 mark on Monday, it broke through the 3/15 and 3/27 high points. Therefore, he predicted that Bitcoin is likely to continue to climb in the next few weeks and rise above $80,000: If here A breakout is a bullish sign, and we suspect Bitcoin could climb above $80,000 in the coming weeks, or even earlier. In the meantime, it seems appropriate to go long at $69,280 with a stop loss set at $65,000.

Bitcoin’s next target is $85,000
Also optimistic about the trend of Bitcoin is cryptocurrency analyst Ali Martinez. Yesterday, he predicted that if Bitcoin can stand above US$70,800, the next upward target will be US$85,000.

ETH surpasses $3,700
On the other hand, the price of Ethereum is even stronger. It is currently trading at $3,700.09 at the time of writing, with an increase of 7.85% in the past 24 hours.