Crypto Veterans Flip Bullish on Bitcoin As BTC Trades at $78,000 – Here Are Their Price Targets
The Daily Hodl·60-word summary·1 min read
Several veteran crypto analysts have turned bullish on Bitcoin as it trades around $78,000. Pseudonymous analyst DonAlt predicts BTC could reach $90,000, citing higher high prices on the weekly timeframe. The shift in sentiment comes amid technical signals, with analysts questioning the bearish outlook previously held. The price target of $90,000 reflects growing confidence in Bitcoin’s upward momentum.
MicroStrategy's stock surged 9% after the company announced a $2.54 billion Bitcoin purchase, increasing its holdings to over 815,000 coins. The move highlights growing institutional interest in Bitcoin. MicroStrategy, formerly known as Strategy, continues to leverage Bitcoin as part of its treasury strategy, contributing to market volatility and investor demand.
Kevin Warsh's nomination as Fed Chair and delays in the Clarity Act have increased uncertainty in the crypto market, affecting Bitcoin's price and trader sentiment. The developments, announced in April 2026, have led traders to closely monitor regulatory clarity, with potential implications for Bitcoin's future trajectory amid ongoing policy debates.
Crypto analyst @0xbeehive highlights a 1,065-day pattern in Bitcoin's bull cycles, dating back to 2018. The pattern suggests that after a 365-day bear market, Bitcoin's next bull run lasts about 1,065 days, potentially leading to a rally from $16,000 in 2022 to $126,000 in 2025, indicating a major upcoming surge.
Bitcoin's price surged above $78,000 on April 23, driven by strong demand and aggressive buying activity. Binance net taker volume exceeded $1 billion for the third time this month, indicating active market participation. The move comes as Bitcoin approaches resistance levels between $80,000 and $82,000, suggesting a potential breakout ahead.
Strategy and Coinbase CEOs have signaled the end of the 17-year mystery surrounding Satoshi Nakamoto’s identity, following reactions to the Finney-Sassaman theory. The shift indicates that the industry no longer considers uncovering Nakamoto’s identity crucial, emphasizing Bitcoin’s decentralized nature and focusing on its technological and financial aspects rather than its creator.
Bitcoin surged past $79,000, reaching its highest since February, driven by a rally in crypto stocks and a potential short squeeze. The S&P 500 and Nasdaq hit all-time highs, with heavy short positioning in Bitcoin derivatives. The rally reflects strong market momentum and investor optimism across traditional and crypto markets.
