#BTCRebound

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 level of USD 85,000 is bullish, and the charts suggest BNB, HYPE, TAO, and RNDR could be the first altcoins to follow a price breakout of BTC.

Price Analysis

Bitcoin

BTC

€75,899

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

Network economist Timothy Peterson said that the effective yield of the US High Yield index has gained over 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.$BNB $TAO