Bitcoin

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-predict-bitcoin-will-reach-95000-in-a-single-move/" data-wpel-link="internal">Analysts Predict Bitcoin Will Reach $95,000 in a Single Move</a> 
<a href="https://en.coin-turk.com/crypto-market-struggles-on-friday-amidst-poor-economic-data-and-etf-anticipation/" data-wpel-link="internal">Bitcoin</a> is expected to reach $95,000 in a single move, according to the new bullish Bitcoin <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">price</a> outlook, with only the timing being uncertain. Popular commentator BitQuant doubled down on his optimism about BTC/USD in his latest post on X on May 15. Bitcoin is not only expected to see all-time highs but also to continue its rise to a record journey of $95,000. 
<h2 class="p1" style="text-align: justify" id="what-s-happening-on-the-bitcoin-front">What’s Happening on the Bitcoin Front?</h2> 
According to BitQuant, such dizzying Bitcoin price levels seem imminent; only the required time is unknown. The famous figure stated: 
<blockquote> 
 “It will reach $95,000 in a single move, and this is quite clear. Will this move start today, tomorrow, or the day after tomorrow? I don’t think anyone knows.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-351612 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/btc-8.jpg" alt="" width="1946" height="1105"> 
BitQuant was responding to the analysis of his fellow commentator Mikybull Crypto, who is observing the so-called cup and handle formation on weekly timeframes. The structure consists of a strong rise, a pullback, and then a consolidation phase followed by a higher breakout. Mikybull Crypto acknowledges that the outcome will be a return to Bitcoin price discovery: 
<blockquote> 
 “The breakout will be explosive and will send it to the top of the process.” 
</blockquote> 
<h2 class="p1" style="text-align: justify" id="notable-details-for-bitcoin">Notable Details for Bitcoin</h2> 
BitQuant is known for his Bitcoin price predictions and successfully predicted the all-time high for BTC/USD before the halving event in April. He and Mikybull Crypto are not alone in their beliefs. 
Bitcoin has been stuck in a narrow range for over a month, and despite the threat of a breakout towards $50,000, everyone has a different opinion on where Bitcoin might go next. Popular trader Daan Crypto Trades shared the following in a part of his latest X content: 
“Usually, when price action worsens, the end of the doom is near. It shows a lack of participation, lower liquidity, and more pressure. This is usually followed by an explosive move.” 
Meanwhile, BitQuant predicts testing times for Bitcoin hodlers as a new trend announces itself: 
<blockquote> 
 “If you can’t relax now and wait for Bitcoin to perform as expected, then it might be better to leave the <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> to avoid the process.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-351611 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/grafik.webp" alt="" width="1054" height="726"> 
The BTC/USD pair traded at around $62,000 during the day, according to TradingView <a href="https://newslinker.co/" data-wpel-link="exclude">data</a>, and has seen a drop of about 13% so far in the second quarter. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-predict-bitcoin-will-reach-95000-in-a-single-move/" data-wpel-link="internal">Analysts Predict Bitcoin Will Reach $95,000 in a Single Move</a></h5>

Analysts Predict Bitcoin Will Reach $95,000 in a Single Move

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