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Bitcoin is preparing to take off from USD 85,000, with BNB, HYPE, TAO, and RNDR aiming to follow

Traders say that Bitcoin maintaining the USD 85,000 level is bullish, and the charts suggest BNB, HYPE, TAO, and RNDR could be the first altcoins to follow a breakout in BTC prices.



Price Analysis

Bitcoin 

BTC

€75,899

has risen approximately 1% over the week, indicating a balance between supply and demand. Analysts expect a quiet Easter weekend, but they are divided on Bitcoin's next directional move.

Network economist Timothy Peterson stated that the effective yield of the US High Yield index has gained more than 8%. There have been 38 similar cases since 2010, and Bitcoin has risen 71% of the time three months later. Bitcoin recorded a median gain of 31%, and the worst loss was -16%. Based on historical data, Peterson anticipates that Bitcoin will trade between USD 75,000 and USD 138,000 within 90 days.