According to BroadChain, at 04:46 on April 23, NewsBTC reported that Bitcoin's recent price movements have sparked bold predictions about its future value. Despite lingering short-term sentiment divergence, analyst Bitcoin Teddy, based on an analysis of the long-term cycle structure using monthly candlestick charts, pointed out that Bitcoin is gearing up for another strong upward surge, with a target price pointing to $200,000. His analysis views the recent price action as part of a larger recurring pattern.
The monthly chart presented by Bitcoin Teddy outlines three major cycle phases using green expanding boxes and blue circles marking buy zones. These buy zones are all located near a curved support line connecting historical lows. The first buy zone appeared in 2019, after which Bitcoin surged to over $69,000; the second occurred in late 2022, driving the price to $126,000 in October 2025; the current period is marked as the 2026 buy zone, situated near the long-term curved support line, with the next peak expected to reach $200,000.
In terms of percentage gains, each upward momentum has gradually converged: the peak gain from 2019 to 2021 exceeded 2000%, the gain from 2022 to the present is over 700%, while the expected gain from the current accumulation zone to $200,000 is approximately 233%. The chart indicates that the timing of the buy signal is as important as the target price. The current area (between the long-term curve and the lower part of the latest green box) is seen as an ideal entry window, roughly within the $60,000 to $70,000 range, with the blue circle near the February pullback low.
Although Bitcoin has rebounded from its February low, with the market stabilizing and spot ETF inflows returning to normal, the price has not yet fully moved out of the accumulation band identified on the chart. This means the technical structure for a move towards the $200,000 target remains intact. As of press time, Bitcoin is trading at approximately $77,880. A rise from this level to $200,000 would require a gain of about 156%, which several institutional analysts believe is achievable within the current cycle window. Shortly after Morgan Stanley launched its spot Bitcoin ETF, Goldman Sachs applied for its first Bitcoin ETF product, indicating that large financial institutions are still deepening their involvement in Bitcoin-related products.