Bitcoin is expected to reach $95,000 in a single move, according to the new bullish Bitcoin price outlook, with only the timing being uncertain. Popular commentator BitQuant doubled down on his optimism about BTC/USD in his latest post on X on May 15. Bitcoin is not only expected to see all-time highs but also to continue its rise to a record journey of $95,000.
What’s Happening on the Bitcoin Front?
According to BitQuant, such dizzying Bitcoin price levels seem imminent; only the required time is unknown. The famous figure stated:
“It will reach $95,000 in a single move, and this is quite clear. Will this move start today, tomorrow, or the day after tomorrow? I don’t think anyone knows.”
BitQuant was responding to the analysis of his fellow commentator Mikybull Crypto, who is observing the so-called cup and handle formation on weekly timeframes. The structure consists of a strong rise, a pullback, and then a consolidation phase followed by a higher breakout. Mikybull Crypto acknowledges that the outcome will be a return to Bitcoin price discovery:
“The breakout will be explosive and will send it to the top of the process.”
Notable Details for Bitcoin
BitQuant is known for his Bitcoin price predictions and successfully predicted the all-time high for BTC/USD before the halving event in April. He and Mikybull Crypto are not alone in their beliefs.
Bitcoin has been stuck in a narrow range for over a month, and despite the threat of a breakout towards $50,000, everyone has a different opinion on where Bitcoin might go next. Popular trader Daan Crypto Trades shared the following in a part of his latest X content:
“Usually, when price action worsens, the end of the doom is near. It shows a lack of participation, lower liquidity, and more pressure. This is usually followed by an explosive move.”
Meanwhile, BitQuant predicts testing times for Bitcoin hodlers as a new trend announces itself:
“If you can’t relax now and wait for Bitcoin to perform as expected, then it might be better to leave the market to avoid the process.”
The BTC/USD pair traded at around $62,000 during the day, according to TradingView data, and has seen a drop of about 13% so far in the second quarter.
