Bitcoin is back at a place where bold bullish calls are starting to spread again, and in the short term Feelings remain mixed One analyst believes that the cryptocurrency is preparing for a strong move that will send the price action to $200,000. The call is built around a long-term cycle structure on a monthly candlestick time frame chart that treats Bitcoin’s recent price action as part of a larger recurring pattern.
Monthly chart status of $200,000
Chart shared by Bitcoin Teddy It is a monthly Bitcoin chart Which defines three main cycle phases using large green expansion boxes and blue circled buy zones. These buy zones are located around a curved support line connecting the previous lows.
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The first buy zone appeared in 2019, before the move that eventually lifted Bitcoin’s price above $69,000. The second buy zone was in late 2022, before the rally that eventually pushed Bitcoin’s price action to $126,000 in October 2025. The third zone is the current setup, which is labeled as a 2026 buy zone near the long-term curved support line, with the next peak expected at $200,000.
Each spike gradually shrinks in percentage terms. The transition from the 2019 peak to the 2021 peak was more than 2,000%. The transition from 2022 to the current peak was more than 700%. The expected move from the current accumulation area to $200,000 is approximately 233%.
When the chart says to buy
The “when to buy” part of the forecast is… Equally important The $200,000 goal is the same. The Bitcoin Teddy chart indicates the current zone, which is the area between the long-term curve and the bottom of the last green box, as the preferred entry window. This area is located around the $60,000 to $70,000 area, with the blue circle positioned near the February retracement low.
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Bitcoin has Since I rebounded from that February low, and the broader market is beginning to stabilize, with immediate inflows from ETFs Return to more consistent levels. Despite this recovery, price action has not completely broken out of the distinct accumulation range. It remains within the same broader area marked on the chart, meaning the $200,000 forecast setup is still technically valid.
At the time of writing, Bitcoin is trading at $77,880. Therefore, the path from current levels to $200,000 would require gains of ~156% from around $77,000, a move pointed out by several institutional analysts. Belief can be achieved within Current session window.
Goldman Sachs Presented for the first time Bitcoin ETF product Shortly after Morgan Stanley launched its spot Bitcoin ETF, showing that large financial companies They are still pushing deep Bitcoin related products.
Featured image of Pngtree, chart from Tradingview.com
