Bitcoin (BTC) Targets $82,000 Amid Bullish Pennant Formation, Says Analyst

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Bitcoin giving bullish signals amid recent price correction

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Despite Bitcoin's current trading price of $66,354, Jelle's ambitious target of $82,000 is not as far-fetched as it may initially appear. BTC recently reached an all-time high of $73,805.27 on March 14, demonstrating its capacity for significant price appreciation. When considering the halving event's historical impact on Bitcoin's price, surpassing the previous all-time high and reaching Jelle's target becomes a plausible scenario.is further bolstered by historical data.

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