Bitcoin’s performance in recent days have been nothing less than remarkable With an impressive rally. The leading cryptocurrency has succeeded in rising According to Coingecko data this week beyond $ 124,000 to register a new highest point of $ 124.128 this week. Interestingly, the technical analysis of a crypto analyst Pseudonym is known, because StockMoney Hhapenes predicts that Bitcoin is now approaching a critical phase that will send its price by 2026 more than $ 300,000.
Bitcoin reaches the crucial phase in the long -term trend
StockMoney -Heldissen shared a long -term Bitcoin Macro card that combines a price channel with a momentum-oscillator in a message on the social media platform X. The analysis, which was done on the 2-week candlestick Time Frame graph, shows that Bitcoin is being traded upstairs in an increasing parallel canal from the canal, with large Cyclustopp.
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Recent price promotion has seen the Bitcoin price Climb to the middle line of the channel. According to the analyst, this is the most critical phase and the current movement suggests that it is about to repeat impulsive waves at the top such as both the Runs of 2018 and the 2021.
Moreover, the analyst pointed to a bouncing on the oscillator at the bottom of the graph, just like in 2017 and 2020 before the rallies in the following year. This oscillator, combined with recent technical factors, has led the analyst to predict a potential basic bitcoin objective from $ 180,000 to $ 200,000 by the beginning of 2026, while the possibility of an even stronger rally is open.
Path to a bull case of $ 300,000
Although StockMoney Lizards noted that Bitcoin has grown up and its market behavior Is no longer a perfect mirror from Cycli from the past, the market still has room for a “My-Utebor-Just-Apped-Me-About-Bitcoin” type Raziernij phase. This phase, which is characterized by an increase in regular retail interest, will be the one who generates the required parabolic price increase for the larger bull cabinet.
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If such a scenario unfolds, the analyst projected that Bitcoin’s bull’s case could extend with more than $ 300,000 Before the current macro cycle peaks. Interestingly, the graph projection shows a price target as high as $ 350,000.
Bitcoin has already increased by around 107% in the past year. The rally in recent weeks is based on a few factors that vary of expectations of Federal Reserve -cutbacks on regulatory green lights for Cryptocurrencies in pension plans. An increase of $ 300,000 and $ 350,000 in 2026 would translate into an increase of 145% and 188% from the current price level respectively.
At the time of writing, Bitcoin acts at $ 121,685, an increase of 1.8% in the last 24 hours. It was about seven hours ago with 1.9% withdrawn from its new highest highlight of $ 124.128.
Featured image of Getty Images, Chart van TradingView.com