Analysts say Bitcoin has a "pretty good" chance to meet its massive price target, citing three technical signals in 2026

Analysts known for making timely Bitcoin calls believe BTC will surge to astronomical price levels next year based on three technical signals.

In a new strategy session, pseudonymous analyst Cheds tells 49,700 YouTube subscribers that Bitcoin looks strong on the weekly charts after escaping the cup-and-handle pattern.

Technical analysis shows that the cup-and-handle pattern is a bullish continuity structure, and that assets are prepared to move higher after the integration period.

According to Cheds, the second bull signal is that the uptrend appears technically healthy, based on the amount of time Bitcoin spent forming a solid base of between $16,000 and $70,000.

Third, traders say the depth of the consolidation range over the past three years is likely to be sufficient to maintain a gathering of over $200,000 in 2026.

“That’s still my basic case, and this is a very general overview. I think there’s a pretty good chance of 2026 at the mid-$250,000.

That seems a bit offensive, I know. But the funny thing is, this is what people are talking about this year (hitting $250,000). It’s definitely not. That’s crazy…

The chances of $250,000 this year are zero, but I think it’s likely to be mid-term $250,000 based on the height of the cup and handle (pattern) and the time interval and integration range…

That’s still my general idea and is based on a weekly trajectory. ”