$95K BTC Price Forecasted by Bitcoin Enthusiast Who Accurately Predicted Pre-Halving Record

Bitcoin (BTC) is expected to reach an impressive price of $95,000, according to a bullish outlook. BitQuant, a popular commentator, reaffirmed his optimism for BTC/USD in a recent post. He believes that it is only a matter of time before Bitcoin continues its upward trend and achieves new all-time highs. BitQuant stated that reaching $95,000 will happen in one significant move, emphasizing its inevitability. This prediction was in response to analysis by Mikybull Crypto, who identified a “cup and handle” formation on the weekly timeframes, indicating a consolidation phase followed by a breakout to higher levels. BitQuant has a track record of accurate BTC price forecasts, having successfully predicted a new all-time high before the block subsidy halving in April 2023. Other analysts, such as Daan Crypto Trades, share a positive outlook for Bitcoin’s future despite its recent price stagnation. BitQuant advises Bitcoin hodlers to remain patient and avoid being swayed by short-term market fluctuations. The current price of BTC/USD is around $62,000, down by approximately 13% in the second quarter of the year. As always, readers are reminded to conduct their own research and exercise caution when making investment decisions.