Bitcoin’s price has been fluctuating below $73,000 since March 20th, with the bulls making a comeback but failing to reclaim $70,000. A well-known crypto commentator has shared his current Bitcoin prediction based on a cup-and-handle pattern in the weekly Bitcoin chart. According to this analyst, known as Cheds, Bitcoin could rise to $300,000 within two years. However, there are concerns regarding the target year of 2026, as historical data suggests that the end of the four-year cycle is expected in 2025. Cheds remains optimistic about the short-term outlook, with Bitcoin reclaiming $61,500 and finding buyers at $63,675. The analyst believes that Bitcoin’s price could further rise depending on its response to the resistance at $63,500. It’s important to note that this information does not constitute investment advice and investors should conduct their own research due to the high volatility and risks associated with cryptocurrencies.
