With the upcoming expiration of $15 billion in digital assets from the cryptocurrency exchange Deribit, Bitcoin traders are optimistic about the possibility of the price hitting $80,000 in the near future. According to CryptoJelleNL, Bitcoin is still trading above its all-time high for 2021, indicating a potential breakout in the coming days. The pseudonymous crypto trading expert also predicts that Bitcoin could reach $80,000 shortly after breaking out of its descending broadening wedge pattern.

Additionally, CryptoJelleNL pointed out a cup & handle chart pattern forming in Bitcoin's price movements, suggesting an imminent uptrend with a target of around $80,000. Currently, Bitcoin is priced at $70,140, showing a slight decline for the day but overall a significant gain over the past week and month.

Looking ahead, some experts, such as TradingShot, believe that Bitcoin could target $200,000 based on historical data and resistance levels. While the future looks promising for Bitcoin's price, it's essential to remember that the cryptocurrency market can be volatile. Conducting thorough research before making investment decisions is crucial to navigate the unpredictable nature of the crypto space.