Analyst Says Bitcoin Has ‘Pretty Good’ Chance of Hitting Massive Price Target in 2026, Citing Three Technical Signals
An analyst known for making timely Bitcoin calls believes that BTC will surge to an astronomical price level next year based on three technical signals.
In a new strategy session, pseudonymous analyst Cheds tells his 49,700 YouTube subscribers that Bitcoin looks strong on the weekly chart after breaking out from a cup-and-handle pattern.
In technical analysis, a cup-and-handle pattern is a bullish continuation structure indicating that an asset is primed to move higher after a period of consolidation.
The second bullish signal, according to Cheds, is that the uptrend appears technically sound based on how much time Bitcoin spent forming a solid base between $16,000 and $70,000.
And third, the trader says the depth of the consolidation range in the last three years is likely enough to sustain rallies above $200,000 in 2026.
“It’s still my base case, and this is just a very general outline. I think we have a pretty good chance of mid-$250,000 in 2026.
That seems kind of aggressive, I know. But the funny thing is that this has been a conservative target for some people because people are talking about [hitting $250,000] this year. Absolutely not. That’s crazy…
There is zero chance of $250,000 this year, but I think it’s a decent chance of mid-$250,000 just based on the height of the cup-and-handle [pattern], and the time interval and the consolidation range…
That’s still my general idea, just based on the weekly trajectory.”
At time of writing, Bitcoin is trading for $105,706.
Generated Image: Midjourney
