Market Expert Who Predicted Bitcoin’s Rise above $69,000 Unveils New Target
May 15 2024 - 5:00PM
NEWSBTC
The Bitcoin rise above $69,000 before the fourth halving to reach a
new all-time high of $73,000 in 2024 took many by surprise.
However, crypto analyst BitQuant was not one of those people. In
2023, the analyst had correctly predicted that the BTC price would
reach a new all-time high before the halving was completed. After
the successful completion of his prediction, the crypto analyst has
once again predicted where the Bitcoin price is headed, and how
high it will go. Crypto Analyst Says Bitcoin Price Will Reach
$95,000 BitQuant has unveiled his latest prediction for the Bitcoin
price, and the target being displayed will please many who continue
to be bullish. Amid the choppy headwinds that have dominated the
market, the analyst believes that the Bitcoin price will surge and
reach $95,000. Related Reading: Dogecoin Derivatives Volume Jumps
111% As Open Interest Spikes, But What About Price? Interestingly,
the analyst does not expect the campaign to $95,000 to be a long,
drawn-out move. Rather, BitQuant explains that the Bitcoin price
can complete this target in a single move. Such a move would mean a
50% increase in price from its current level of around $62,000 and
will no doubt trigger a ripple effect that will be evident in the
market. The post read: $95K will be achieved in just one move, and
that is quite obvious. Will that move start today, tomorrow, or the
day after tomorrow? I don’t think anyone knows. 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. Because in the coming
months, there will be a lot of pain for those with weak nerves.
BitQuant’s prediction was in response to another crypto analyst,
Mikybull, who identified the formation of a ‘cup and handle’
pattern on the Bitcoin crash. The analyst believes that this
formation will precede a massive breakout that will send it to a
“cycle top.” Is $250,000 Still In Play? Back in 2023, when BitQuant
made the initial prediction that Bitcoin would reach a new all-time
high before the halving, he had set out a price target for the
cryptocurrency. As the crypto analyst explained at the time,
reaching a new all-time high before the halving, although it has
never happened before, does not mean that it will peak by then.
Related Reading: Shiba Inu Volume Flips Dogecoin, Will SHIB Price
Flip DOGE If This Analyst’s Prediction Comes True? Rather, the
analyst expects the bull rally to continue well after the halving,
which is when the price will peak. BitQuant’s target at the time
was the price peaking at $250,000 at the top of the cycle. However,
this target has not made an appearance in his analyses in recent
times. The most recent predictions circle around the $95,000 target
and the analyst expects it to hit this price in May. In a
prediction from April, BitQuant expects that the price will first
go to $49,000, before recovering to $75,000, and then surge to
$95,000. First $49K, Then $75K, Now $95K. What’s next will be
revealed after we hit $95K and take a little break in the tent.
#Bitcoin https://t.co/yvKyHZZWQw — BitQuant (@BitQua) April 25,
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