A widely followed analyst is leaning bullish on Bitcoin (BTC) amid the flagship’s nearly 50% rally over the past 30 days.
The analyst, pseudonymously known as Pentoshi tells his 821,000 followers on the social media platform
But the analyst notes that his expected price increase is just one stop on Bitcoin’s path to seven figures.
“Eventually one day it was over $1 million. If you zoom out and think bigger. Hard to do when we live from day to day sometimes.
Still $180,000 in 2026 in my opinion.
Ultimately higher than we all expected.”
According to the pseudonymous analyst, Bitcoin is currently active appears extremely bullish on the monthly time frame.
“Everything starts on the lower time frames and then leads to the larger time frames.
Absolutely surreal to watch.
The first higher low, to the first higher high, from a one hour time frame, to four hours, to daily and weekly. We must always pay attention to those shifts and prejudices that can change quickly.
This is just wild.”
As for the broader crypto market, the widely followed analyst said say that digital assets have entered a parabolic phase.
“I believe we are entering a period where you will have the opportunity to get the best out of yourself in the coming months. The parabolic progress has clearly begun. And hopefully we get many more months of good times.
However, they are not sustainable in the long term.”
Bitcoin is trading at $98,808 at the time of writing.
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Generated image: Midjourney