Bitcoin Could Potentially Surge Over 337% Based on Classic Chart Pattern, According to Crypto Strategist

An anonymous crypto strategist, known as Cheds, has made a bold prediction that Bitcoin (BTC) could experience a significant surge of over 337% in the next couple of years. Cheds, who has a substantial following of 330,400 on social media platform X, believes that Bitcoin is currently forming a cup-and-handle pattern on the weekly chart.

According to Cheds, if Bitcoin adheres to classical charting rules, it could potentially reach close to $300,000 by mid-2026. He shared a visual representation of this bull thesis with his followers, stating that the measured move for the cup-and-handle pattern would be around $280,000 BTC.

Despite his optimistic prediction, Cheds acknowledges that his price target and timeline go against the widely held views on Bitcoin’s market cycles. One popular belief is that the Bitcoin bull market will come to an end in 2025 based on the four-year cycle. Another theory suggests that Bitcoin is experiencing diminishing returns with each cycle.

However, Cheds suggests that Bitcoin may have already hit the bottom of its recent correction after reclaiming the $61,500 level. He points to a decent volume cluster building on the four-hour chart and states that flipping $61,500 could lead to interesting developments for Bitcoin.

Analyzing Cheds’ chart, it can be inferred that he sees Bitcoin as bullish following a fakeout to the downside. The chart also indicates a diagonal resistance level around $63,500.

As of now, Bitcoin is trading at $63,438, showing a slight increase over the past day.

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