Technical analysis, overhead supply awaiting absorption, and a shift in investor sentiment have increased the likelihood of Bitcoin reaching $80,000 in April.
Bitcoin (BTC) extended its bullish run into the Wall Street open on Friday, rallying above $73,000. Traders now eye a move back toward $80,000 by the end of April, as several indicators point to bulls retaking control of the crypto market.
On Tuesday, Bitcoin invalidated what initially appeared to be a bear pennant on the daily chart.
Related: Old Bitcoin whales sold $271M in BTC: Is crypto rally at stake?
