According to Cointelegraph: Bitcoin (BTC) is set to continue its upward trend and is expected to reach a record price of $95,000 in a single move. However, according to the popular commentator BitQuant, the exact timing of this steep climb remains uncertain. BitQuant made this prediction in a recent post, reinforcing his optimism about Bitcoin's (BTC) future.
This follows the analysis by fellow commentator Mikybull Crypto, who identified a "cup and handle" formation playing out on weekly timeframes. This pattern suggests an upcoming breakout after a consolidatory phase following strong growth.
BitQuant, known for his successful BTC price forecasting, suggested that Bitcoin hodlers might face testing times as a new trend asserts itself. According to him, those who cannot patiently wait for Bitcoin's expected performance should consider exiting the market to evade the upcoming turbulence.
As the trading day concluded, Bitcoin sat roughly around $62,000, showing an approximately 13% decrease in Q2 so far. Despite this, many in the industry maintain a positive outlook on Bitcoin's potential movement, anticipating an explosive upswing.