Analyst Predicts Bitcoin Surge with $180K Target by 2026 and Over $1M in the Long Term
A popular analyst is expressing a bullish outlook for Bitcoin (BTC) following its impressive 50% rally over the past month.
Known by the pseudonym Pentoshi, the analyst shared that Bitcoin could see a potential rise of 82% from its current price. However, he clarified that this surge is just one step in Bitcoin’s journey toward much higher valuations.
He believes that Bitcoin’s long-term potential could ultimately surpass $1 million per coin, urging followers to adopt a broader perspective despite the day-to-day market fluctuations. In his view, Bitcoin could reach $180,000 by 2026, with even higher prices down the line, surpassing many people’s expectations.
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Pentoshi points to Bitcoin’s current bullish trend on the monthly chart, observing that the momentum is building from smaller time frames into larger ones. He emphasized the significance of key patterns such as higher lows and higher highs, as well as the importance of adapting quickly to market shifts.
Looking at the broader crypto market, the analyst suggests that digital assets are entering a parabolic growth phase, where significant opportunities could arise in the coming months. While optimistic about the near-term potential, Pentoshi cautioned that such explosive growth may not be sustainable in the long run.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
