Bitcoin (BTC) will hit $95,000 “in just one move.” However, the timing is uncertain, according to the new BTC price forecast.
In his recent post On May 15th, popular commentator BitQuant doubled down on his optimism for BTC/USD.
BitQuant: “No wonder” BTC price will soar to $95,000.
Bitcoin is poised to continue its rise, reaching a record $95,000 and setting new all-time highs.
According to BitQuant, such dizzying BTC price levels are only a matter of time. It remains to be seen how much will be needed.
“You can get to $95,000 in just one move and that is very clear,” he wrote.
“Will that movement start today, tomorrow, or the day after tomorrow? “I don’t think anyone knows.”
BitQuant responded. analyze That’s according to fellow commentator Mikybull Crypto, who has been watching the so-called “cup and handle” formation play out during daytime hours.
This structure consists of a consolidation phase followed by a strong upturn, a reversal, and a subsequent upturn.
Mikybull Crypto agrees that the results will come back to BTC price discovery.
“The breakout will be explosive and send it to the top of the cycle,” he wrote in part of his May 14 X commentary.
Bitcoin traders consider “explosive moves.”
BitQuant is famous for its BTC price predictions. In 2023, he successfully predicted an all-time high for BTC/USD before the block subsidy halving in April.
Related: CPI Meets $60,000 BTC Price War; 5 things to know in Bitcoin this week
He and Mikybull Crypto are not alone in their beliefs either. As Cointelegraph reports, not everyone is negative about where Bitcoin will head next, despite the cryptocurrency being stuck in a tight range for over a month and threatening to fall all the way to $50,000.
“Usually when prices get more volatile, the decline is almost over,” said Daan Crypto Trades, a popular trader. assert This is some of his recent X content.
“It shows less participation, less liquidity and more pressure. This often leads to explosive movements.”
Meanwhile, BitQuant predicts testing times for Bitcoin holders as new trends become known.
“If you cannot relax now and wait for Bitcoin to perform as expected, it is better to leave the market to avoid torture,” he concluded.
“Because the next few months will be very painful for those with weak nerves.”
BTC/USD traded around $62,000 on the day, according to data from Cointelegraph Markets Pro and TradingView, and is down about 13% so far in the second quarter.
This article does not contain investment advice or recommendations. All investment and trading activities involve risk and readers should conduct their own research when making any decisions.