Bitcoin (BTC) 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 (formerly Twitter) 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 upward continuation, which should see not only new all-time highs, but a trip to a record $95,000.
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.
“Will that move start today, tomorrow, or the day after tomorrow? I don't think anyone knows.”
BTC/USD chart with "cup and handle" formation. Source: Mikybull Crypto/X
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 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, last year successfully predicting a new all-time high for BTC/USD before April's block subsidy halving.
Related: CPI meets $60K BTC price battle — 5 things to know in Bitcoin this week
He and Mikybull Crypto are also not alone in their convictions. As Cointelegraph reported, not everyone is negative when it comes to 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.
“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 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.
“Because in the coming months, there will be a lot of pain for those with weak nerves.”
BTC/USD 1-day chart. Source: TradingView
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.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
