Analyst Predicts Bitcoin Could Reach $250,000 in 2026 Based on Technical Signals
An analyst known for making accurate Bitcoin predictions believes that BTC could reach an impressive price level next year, driven by three key technical signals.
Technical Analysis Points to Bullish Continuation
In a recent strategy session, pseudonymous analyst Cheds shared with his 49,700 YouTube subscribers that Bitcoin is showing strength on the weekly chart after breaking out from a cup-and-handle pattern. This pattern is a bullish continuation structure that suggests an asset is poised for an upward movement following a period of consolidation.
The analyst highlighted two additional bullish signals supporting his prediction. Firstly, he noted that the current uptrend appears to be technically sound, given the significant amount of time Bitcoin spent forming a solid base between $16,000 and $70,000. Secondly, Cheds pointed out that the depth of the consolidation range over the last three years is likely sufficient to sustain rallies above $200,000 in 2026.
Potential for $250,000 Price Target in 2026
Cheds expressed his optimism for Bitcoin’s future price trajectory, stating, “It’s still my base case, and I think we have a pretty good chance of mid-$250,000 in 2026.” While acknowledging that this target may seem aggressive, he emphasized that it has been considered a conservative estimate by some, given the current market dynamics.
The analyst dismissed the possibility of Bitcoin reaching $250,000 this year, labeling it as “crazy.” However, he believes there is a decent chance of hitting the mid-$250,000 range next year, based on the height of the cup-and-handle pattern, the time interval, and the consolidation range.
Current Bitcoin Price and Outlook
As of the time of writing, Bitcoin is trading at $105,706. While the cryptocurrency market is known for its volatility, Cheds remains optimistic about Bitcoin’s potential for significant price appreciation in the coming years.
Overall, the analyst’s technical analysis suggests that Bitcoin could experience a substantial rally in 2026, potentially reaching $250,000 based on key indicators and patterns in the market.
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