As a seasoned crypto investor with a few years of experience under my belt, I find BitQuant’s latest bullish outlook on Bitcoin (BTC) to be quite intriguing. Having witnessed the volatility and unpredictability of the cryptocurrency market, I am always cautious when it comes to price predictions. However, I can’t help but feel a sense of excitement when I read optimistic analyses like BitQuant’s.
As a confident Bitcoin investor, I believe that the value of BTC could suddenly surge to $95,000 without any warning – it’s just a matter of when this major price movement will occur.
As a data analyst, I’ve been closely monitoring the developments in the cryptocurrency market, and in a recent update on May 15th, influential commentator BitQuant reaffirmed his bullish stance on Bitcoin (BTC) against the US Dollar (USD).
BitQuant: “Quite obvious” BTC price will shoot to $95,000
Bitcoin is gearing up for an uptrend that could potentially surpass its previous peak prices and reach a new milestone of around $95,000.
As a bitcoin market analyst, I can tell you that according to BitQuant’s analysis, reaching such high Bitcoin price levels is only a matter of time. The question now is how long it will take for these prices to materialize.
“$95K will be achieved in just one move, and that is quite obvious,” he wrote.
“Will that move start today, tomorrow, or the day after tomorrow? I don’t think anyone knows.”
As a researcher, I’ve noticed that Mikybull Crypto identified a potential “cup and handle” pattern in BitQuant’s price chart on a weekly timescale.
The structure features a powerful build-up leading to a consolidation period, followed by a price reversal and a breakout to new highs.
Mikybull Crypto agrees that the result will be a return to BTC price discovery.
In my analysis, the price surge will be dramatic and mark a peak in the current price cycle. (or) The upcoming price spike, as I foresee it, will signal the culmination of this price trend.
Bitcoin trader considers “explosive move”
BitQuant has a reputation for accurate BTC price predictions; they foresaw and announced the new record-high for BTC/USD prior to the April 2020 block reward halving event.
I, as a researcher, would like to emphasize that He and Mikybull Crypto are not the only ones holding positive views about Bitcoin’s future direction. According to CryptoMoon’s latest report, there are other individuals who remain optimistic despite Bitcoin being stuck in a narrow range for over a month and showing signs of potential decline towards $50,000.
As a researcher studying market trends, I’ve observed that when price action deteriorates, the chop, or market volatility, tends to be nearing its conclusion. According to experienced trader Daan Crypto Trades, this was also his observation in a recent analysis.
“Shows a lack of participation, lower liquidity and more compression. This is often followed by an explosive move.”
BitQuant meanwhile predicts testing times for Bitcoin hodlers as a new trend makes itself known.
“If you find yourself unable to be patient and relax while waiting for Bitcoin to meet your expectations, then it might be wiser to withdraw from the market to spare yourself unnecessary stress.”
“Because in the coming months, there will be a lot of pain for those with weak nerves.”
According to information from CryptoMoon Markets Pro and TradingView, the BTC/USD exchange rate hovered near $62,000 during that day. However, it’s important to note that this represents a approximately 13% decrease in value since the beginning of Q2.
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2024-05-15 11:25