Crypto enthusiast who accurately predicted pre-halving record anticipates Bitcoin price surge to $95K

A new optimistic Bitcoin price forecast suggests that BTC will surge to $95,000, although the timing remains uncertain. BitQuant, a popular commentator, expressed his confidence in Bitcoin’s upward momentum and its potential to reach new all-time highs. According to BitQuant, reaching $95,000 is inevitable and will occur in a single significant move. His bullish outlook was in response to analysis by Mikybull Crypto, who identified a “cup and handle” formation on the BTC/USD chart, indicating a period of consolidation followed by a breakout to higher levels. Both BitQuant and Mikybull Crypto believe that this breakout will lead to a return to BTC price discovery. BitQuant has a track record of accurate BTC price predictions, including correctly forecasting a new all-time high before the block subsidy halving in April 2023. Other traders and commentators also share their positive outlook for Bitcoin, suggesting that the current period of consolidation may be nearing an end. However, BitQuant warns that Bitcoin hodlers may face challenging times ahead and advises those who cannot wait for Bitcoin to perform as expected to consider exiting the market. At the time of writing, BTC/USD was trading around $62,000, down approximately 13% in the second quarter of the year. As always, readers should conduct their own research and exercise caution when making investment decisions.