TechFlow news, April 21 — According to CoinDesk, technical analysis by analyst Omkar Godbole shows Bitcoin has broken above $87,000, signaling strong upward momentum with a potential target range of $90,000 to $92,000. This follows a bullish breakout after one week of consolidation between $83,000 and $86,000. The current movement indicates that Bitcoin’s recovery from the low below $75,000 on April 7 is still ongoing. However, this optimistic outlook could be invalidated if prices fall back below $85,000.
Analysis notes that Bitcoin has moved above its 30-day exponential moving average (EMA), indicating bullish momentum, while the 200-day simple moving average (SMA) sits at $88,245.
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