$48K is now ‘reasonable’ BTC price target — DecenTrader’s Filbfilb

Bitcoin (BTC) remains on track to near $50,000 around next year’s block subsidy halving event, longtime analyst Filbfilb says.

In his latest interview with Cointelegraph, the co-founder of trading suite DecenTrader shares his current thoughts on BTC price action.

Filbfilb: Bitcoin has given “strong indicator” of bear market breakout

Bitcoin has well and truly cemented its exit from a sub-$30,000 trading range, which characterized the market for much of 2023, Filbfilb believes.

Having overcome a multitude of resistance levels, the question for Bitcoin bulls now is how price action will turn out into the halving.

Due in April 2024, less than five months remains until the event, and Filbfilb…

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