An analyst who is known for making timely Bitcoin calls believes that BTC will rise to an astronomical price level next year based on three technical signals.
In a new strategy session, pseudonym cheds tells his 49,700 YouTube subscribers that Bitcoin looks strong on the weekly graph after the outbreak of a cup and hand pattern.
In the technical analysis, a cup and handle pattern is a bullish continuation structure that indicates that an active is prepared to move higher after a period of consolidation.
The second Bullish signal, according to Cheds, is that the Uptrend seems technically healthy based on how much time Bitcoin spent forming a solid foundation between $ 16,000 and $ 70,000.
And third, the trader says that the depth of the consolidation range in the last three years is probably enough to maintain rallies above $ 200,000 in 2026.
“It is still my basic case, and this is just a very general sketch. I think we have a pretty good chance of mid -250,000 in 2026.
That seems rather aggressive, I know. But the funny thing is that for some people this has been a conservative target because people are talking about it [hitting $250,000] This year. Absolutely not. That’s crazy …
There is no chance of $ 250,000 this year, but I think it is quite a chance of mid -250,000, just based on the peak of the cup and hand [pattern]And the time interval and the consolidation range …
That is still my general idea, only based on the weekly process. “
At the time of writing, Bitcoin acts for $ 105,706.
https://www.youtube.com/watch?v=XWZNCNHI9WA
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