As of April 2, Bitcoin is facing downward pressure, yet there's a glimmer of hope from an optimistic analyst who foresees a potential breakout.

This analyst, examining Bitcoin's daily chart, has identified a bullish pennant formation, suggesting that we could see a significant price surge.

If this formation proves true, Bitcoin's price might be on the path to reaching the $80,000 mark.

Despite the current market dip, this analysis brings a positive outlook, suggesting that Bitcoin's value could climb higher if it breaks out from this pennant pattern.