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Bitcoin Price Following Analyst’s Prediction For Bullish Breakout, Here’s The Target

The Bitcoin price appears to be moving in lockstep with a bullish prediction made by a crypto analyst earlier this month. According to the analyst’s forecast, Bitcoin is set to break out to a new all-time high above $120,000 following the announcement of a temporary tariff pause by United States (US) President Donald Trump. $120,000 Bitcoin Price Forecast In Motion Kaduna, a crypto analyst on X (formerly Twitter), has released a follow-up analysis on his previous bullish prediction of Bitcoin, highlighting that it is playing out as expected. On April 11, the analyst predicted that Bitcoin was preparing for a massive push above $120,000. Related Reading: Trump’s Tariff Pause Could Push Bitcoin Price Above $100,000, Pundit Reveals Exit Point He outlined a thesis that the 90-day suspension of President Trump’s Tariffs would act as a powerful macroeconomic catalyst for Bitcoin. Kaduna argued that the market may start “frontrunning” about a month early, culminating in a mini bull market during a 55-day “exit window” between April 3 and June 3 2025. Accompanying this bullish analysis was a detailed chart comparing Bitcoin’s price movements through candlesticks with a blue overlay, believed to represent a macroeconomic indicator such as global M2. The blue line in the chart projects a steady climb during this window, offering a clear visual target above $120,000. Kaduna had stated that if his prediction played out, he would exit most positions by the end of the window. Just days after his bullish forecast, Bitcoin has begun mirroring the projected path. Kaduna revealed in a follow-up candlestick chart that Bitcoin is breaking above the local resistance at $84,000 with strong volume support, aligning with the predicted overlay. This early strength suggests that the frontrunning behaviour the crypto expert projected earlier is now playing out in real time. The blue line suggests a potential move toward the $120,000 – $125,000 range over the next month and a half, setting a clear upside target if momentum continues. Bitcoin’s price action is also unfolding right on cue within the 55-day window, validating the analyst’s bullish thesis. Both the overlay and Bitcoin’s prices are trending upwards, signaling that the market is indeed reacting to the macroeconomic tariff catalyst. If this trajectory holds, it would mark a significant validation of the analyst’s macro-technical analysis approach. Update On The Bitcoin Price Action Following its crash below $80,000, the Bitcoin price seems to be on a path to recovery. CoinMarketCap’s data reveals that Bitcoin is currently trading at $83,395, marking a significant 7.16% increase over the past week. Related Reading: Bitcoin Price Forms This Bullish Pennant On Daily Chart That Could Trigger Rise To $137,000 The cryptocurrency had broken the resistance level at $84,000 earlier this week. However, it retraced sold gains and is now trading at its present market value. Given its fluctuating price and unstable market, crypto analysts like Tony Severino have revealed that he is neither bullish nor bearish on Bitcoin. Instead, he seems to be taking a wait-and-see approach, closely monitoring how the market responds to ongoing volatility driven by the US Trade war and tariff implementation. Featured image from Adobe Stock, chart from Tradingview.com AMB Crypto

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Crypto Takes Off in Panama: City to Accept Bitcoin, Ethereum for Public Services

Panama City’s council is all set to accept cryptocurrency payments for taxes, fees, tickets, and permits. The decision, announced on April 16th, marks a significant step in Panama’s integration of digital currencies into everyday public services. The city will initially accept major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), as well as stablecoins like USD Coin (USDC) and Tether (USDT). Unlike past efforts where attempts to push similar legislation failed in the Senate, the city found a creative solution to bypass the need for new laws. According to the official announcement by Mayor Mayer Mizrachi Matalon on X, public institutions are required to receive funds in US dollars. However, by partnering with a local bank, Panama City will handle crypto transactions by converting the payments into dollars on the spot. This partnership ensures that cryptocurrency can flow freely within the economy and government while maintaining legal compliance, Mizrachi added. “Panama City council has just voted in favor of becoming the first public institution of government to accept payments in crypto.” This latest development comes on the heels of a proposed regulatory framework for cryptocurrencies, unveiled by Panama’s government earlier this year. The draft bill aims to regulate digital assets and create a legal structure for blockchain-based services, positioning Panama as a leader in fintech innovation in Latin America. Besides cryptocurrencies like Bitcoin and Ethereum being officially recognized for transactions, the framework also introduces licensing requirements for Virtual Asset Service Providers (VASPs), such as exchanges and wallets, and enforces strict compliance with anti-money laundering (AML) and Know-Your-Customer (KYC) regulations. The post Crypto Takes Off in Panama: City to Accept Bitcoin, Ethereum for Public Services appeared first on CryptoPotato . AMB Crypto