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Bitcoiner Who Called Pre-Halving All-Time High Predicts $95K BTC Price

BTC price records will come thick and fast, BitQuant says — but no one can say when exactly Bitcoin will break to new all-time highs.

Bitcoiner Who Called Pre-Halving All-Time High Predicts $95K BTC Price

Bitcoin will hit $95,000 “in just one move” — only the timing is uncertain, says a new bullish BTC price outlook.

In his latest post on X on May 15, popular commentator BitQuant doubled down on his optimism on BTC/USD.

BitQuant: “Quite obvious” BTC price will shoot to $95,000

Bitcoin is preparing to continue upward, and it should reach a record $95,000 and set new all-time highs.

According to BitQuant, such dizzying BTC price levels are a matter of time — it just remains to be seen how much is required.

“$95K will be achieved in just one move, and that is quite obvious,” he wrote.

BitQuant was responding to analysis from fellow commentator Mikybull Crypto, who spied a so-called “cup and handle” formation playing out on weekly timeframes.

The structure consists of a consolidatory phase following a strong run-up, a reversal and a subsequent breakout higher.

Mikybull Crypto agrees that the result will be a return to BTC price discovery.

“The breakout will be explosive and will send it to a cycle top,” he wrote in part of X commentary on May 14.

Bitcoin trader considers “explosive move”

BitQuant is known for his BTC price forecasts. In 2023, he successfully predicted a new all-time high for BTC/USD before April’s block subsidy halving.

He and Mikybull Crypto are also not alone in their convictions. As Cointelegraph reported, not everyone is negative about where Bitcoin might head next despite being trapped in a narrow range for more than a month and threatening a breakdown toward $50,000.

“Usually when the price action gets worse, the chop is nearing the end,” popular trader Daan Crypto Trades argued in part of his own recent X content.

BitQuant meanwhile predicts testing times for Bitcoin hodlers as a new trend makes itself known.

“If you can’t relax now and wait for Bitcoin to perform as expected, then it’s better to leave the market to avoid the torture,” he concluded.

BTC/USD traded at around $62,000 on the day, per data from Cointelegraph Markets Pro and TradingView, still down by around 13% in Q2 so far.

 

Source: cointelegraph.com


bitcoiner-who-called-pre-halving-all-time-high-predicts-95k-btc-price

Bitcoiner Who Called Pre-Halving All-Time High Predicts $95K BTC Price

BTC price records will come thick and fast, BitQuant says — but no one can say when exactly Bitcoin will break to new all-time highs.