Bitcoin approaches all-time high! 10x Research: Target price $83,000

10x Research analysis pointed out that Bitcoin may soon reach a new all-time high after breaking through the triangle pattern.

Bitcoin is approaching a historical high of 73,787

Bitcoin once rose nearly 6% on the evening of April 8, with the price reaching $72,799, but the US stock market fell back to the level of $71,000 after the opening.

It is currently only 2.83% away from the all-time high of $73,787 on March 14.

According to CoinMarketCap, Bitcoin rose by 3.32% in 24 hours, and Ethereum rebounded even more, with a 24-hour increase of 8.17%, and the price reached $3,706.

Bitcoin target price is US$83,000

Markus Thielen, founder of 10x Research, an analysis agency, told CoinDesk that BTC is above US$72,000, which means that it has exceeded the level set by March 15 and March 27. The triangle pattern formed by the resistance line and the support line on March 20 and April 3.

He mentioned in a message to subscribers on April 8: We believe that Bitcoin may climb above $80,000 in the next few weeks, or even earlier, buy at $69,280, $65,000 Setting a stop loss seems appropriate, with a price target of $83,000.

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