Bitcoin Could Rally Toward $78,000—Then Fall To New Lows In Q2, Top Analyst Predicts

Bitcoin (BTC) is pressing up against a major decision point after failing to break above the $76,000 resistance level. Following consecutive rejections in that area, the cryptocurrency has shifted into consolidation once again.  Bitcoin Set For A ‘Final Push’ One of the latest bullish takes came on Wednesday from market analyst Ted Pillows, who recently suggested that Bitcoin has broken out of a broader 7-month downtrend.  In his view, this shift is supported by a technical signal on the weekly chart: a weekly MACD bullish cross. Pillows argues that, together, these developments could trigger what he describes as a final push higher, with BTC potentially targeting the $77,000–$78,000 zone. Related Reading: Bitcoin Price Breaks Higher: What The Market Data Says Could ...