Bitcoin’s performance over the past few days has been a success. nothing short of notable With an impressive rally. The cryptocurrency leading cryptocurrency has managed to surge According to CoinGecko, Bitcoin has surpassed $124,000 in this past week, registering a new record high of $124 128 over the last 24 hours. Technical analysis by a crypto-analyst known as Stockmoney Lizards, predicts Bitcoin’s price will reach $300,000 in 2026.
Bitcoin Reaches Pivotal Phase In Long-Term Trend
Stockmoney Lizards shared a long-term In a recent post to the social networking platform X, a Bitcoin macro chart combines a channel price with a speed oscillator. Analysis of the chart for the 2-week timeframe shows Bitcoin trading up within an ascending parallel channel. Major cycle tops have been touching the channel’s upper resistance.
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Bitcoin has experienced a recent price increase. climbing toward the midline The channel. Analysts say that the channel is in a crucial phase and are expecting impulsive wave movements to the upside, similar to those seen during the 2018 bull run and 2021.
The analyst also pointed out a bounce in the oscillator on the bottom chart. This happened in 2017, 2020, and the year before, leading to the rally in the following year. The analyst used this oscillator in conjunction with other technical indicators to predict a possible base Bitcoin target price of between $180,000 and $200,000 for early 2026. However, he left the door open to a stronger rally.
The Path to a $300,000 Bull Case
Stockmoney Lizards has noted the maturity of Bitcoin and its market behavior The market is not a mirror that reflects past cycles perfectly. There’s still room for improvement. “my-neighbor-just-asked-me-about-Bitcoin” Type of frenzy. This phase, which will be marked by an increase in interest from mainstream retailers, is the stage that generates the necessary parabolic rise of price for the larger bull case.
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Analysts predicted that Bitcoin’s bull run could go beyond $300,000. before the current macro cycle peaks. The chart shows that the price goal could be as high as $35,000.
Bitcoin has already risen by 107% over the last year. The recent rally of Bitcoin is due to a number factors. from expectations of Federal Reserve Rate Cuts to Regulators Green Light for cryptocurrencies in retirement plans. By 2026, a price increase of 145% or 188% from current levels would be expected.
Bitcoin was trading at $121,685 as of the writing. This is an increase of 1.8% over the last 24 hours. About seven hours after its all-time record high, it has fallen by about 1.9%.
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Source: www.newsbtc.com
