Powell's Final Fed Meeting vs Bitcoin's $86,852 Target: Top Analyst Aksel Kibar Updates BTC Price Outlook for New Week

By the start of the final week of April, Bitcoin ($BTC) is trading around $78,132, coming right up against the upper boundary of a prolonged descending channel. This week will be decisive for the trend throughout the summer, as technical charts collide with key Federal Reserve decisions.

Popular analyst Aksel Kibar, known for his conservative approach and whose technical analyses have earned recognition from figures such as Peter Brandt, maintains cautious optimism. In his view, the price of Bitcoin is currently at a critical point, but there is a magnet at $86,852 - this is where the 365-day average price lies, acting as the main target of the current impulse.

Bitcoin price technical analysis by Aksel Kibar, Source: Aksel Kibar's X

Why Kibar is waiting for one specific signal to turn bullish

Kibar emphasizes that he will turn outright bullish only after a confident breakout above the upper boundary of the channel. According to him, a move beyond the positive extreme typically triggers a chain reaction and rapid growth.

In this context, the $76,500 and $72,000 levels remain key support zones. Holding them is a necessary condition for the bullish scenario to play out.

Quick test of year-long average. I will start looking for bullish entries only above year-long average.

— Aksel Kibar, CMT (@TechCharts) April 26, 2026

The calendar of events adds further intrigue. On Wednesday, April 29, the Federal Reserve will announce its rate decision, with an expected range of 3.50-3.75%. This meeting is being called historic, as it may be the last for Jerome Powell as head of the institution.