A new bullish Bitcoin price outlook suggests that BTC will reach $95,000 in one major move, although the timing remains uncertain. BitQuant, a popular commentator, reaffirmed his optimism on BTC/USD in a recent post on May 15. He believes that Bitcoin is primed for further upward movement and will reach a new all-time high of $95,000. According to BitQuant, this significant price level is inevitable, it’s just a matter of when it will happen. BitQuant’s statement was in response to Mikybull Crypto’s analysis, which identified a “cup and handle” formation on the BTC/USD chart. This pattern typically indicates a period of consolidation followed by a reversal and a subsequent breakout. Mikybull Crypto agrees with BitQuant’s prediction that Bitcoin will enter a phase of price discovery and experience an explosive move to a new cycle top. BitQuant has a track record of accurate BTC price forecasts, successfully predicting a new all-time high for BTC/USD before April’s block subsidy halving in 2023. Other commentators, such as Daan Crypto Trades, also share the optimistic outlook for Bitcoin’s future despite its recent sideways movement. However, BitQuant warns Bitcoin hodlers to brace themselves for testing times and advises those who cannot handle the uncertainty to exit the market. Currently, BTC/USD is trading around $62,000, down approximately 13% in Q2 so far. This article does not provide investment advice, and readers are encouraged to conduct their own research before making any financial decisions.
Bitcoin enthusiast who accurately predicted record high before halving anticipates Bitcoin price to reach $95K