Bitcoin will hit $95,000 “in one move” — only the timing is uncertain, according to an optimistic new view of BTC prices.

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

BitQuant: “It's very clear” BTC price will skyrocket to $95,000

Bitcoin is preparing to continue its ascent, and it should reach a record $95,000 and set new highs.

According to BitQuant, such staggering BTC prices are only a matter of time — it just remains to be seen how much time it will take.

“95K USD will be achieved in one move, and that is very clear,” he wrote on X.

“Will that move start today, tomorrow, or the day after tomorrow? I don't think anyone knows.”

BTC/USD chart with “cup and handle” pattern. Source: Mikybull Crypto

BitQuant is responding to analysis from fellow commentator Mikybull Crypto, who noticed a so-called cup & handle formation taking place on the weekly timeframe.

This structure includes a period of consolidation after a strong rally, a reversal, and a subsequent breakout.

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

“The breakout will be very strong and will take it to the top of the cycle,” he wrote in an X comments section on May 14.

Bitcoin trader BitQuant looks at the “explosive move”  known for his BTC price predictions. In 2023, he successfully predicted a new all-time high for BTC/USD before the bitcoin halving in April.

BitQuant and Mikybull Crypto are not alone in their beliefs either. As Bitcoinist reported, not everyone is pessimistic about Bitcoin's next direction despite being stuck in a tight range for over a month and threatening a decline towards $50,000.

“Usually when price action gets worse, the tight period is coming to an end,” argued popular trader Daan Crypto Trades in a recent piece of his X content.

“Shows a lack of participation, lower liquidity and more compression. This is often followed by an explosive move.” Meanwhile, BitQuant predicts challenging times for Bitcoin holders as new trends reveal themselves.

“If you cannot relax now and wait for Bitcoin to perform as expected, it is better to leave the market to avoid torture,” he concluded.

“Because in the coming months, there will be a lot of pain for people with weak nerves.”

BTC/USD is trading at around $66,000 at the time of writing, up 6.8% in 24 hours, up 143% in the past year, according to data from TradingView.

Source: https://tapchibitcoin.io/bitcoin-se-dat-95k-usd-rat-de-dang-chi-trong-mot-dong-thai.html