Bitcoin traders forecast $80K+ BTC price target after recent funding rate reset
Analysts expect Bitcoin price to test the $80,000 zone now that the halving is complete and BTC’s funding rate reset.
Bitcoin (BTC) marked its highest daily close in over ten days on April 21, reclaiming the $65,000 level. BTC price rose from a low of $64,346 on April 21, climbing 3.5% to an intraday high of $66,527 on April 22.
Data from Cointelegraph Markets Pro and TradingView showed BTC price trading at $65,910 at the time of publication, up 1.7% over the last 24 hours.
The price of the pioneer cryptocurrency has been up 5% since the Bitcoin supply halving two days ago. This saw miner rewards cut in half, from 6.25 BTC per block to 3.125 BTC. Some market participants are wondering whether Bitcoin will continue its uptrend post-halving.
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Author: Nancy Lubale
