Bitcoin’s Bull Run Might Not Be Over Yet
A well-known crypto analyst, Cheds, doesn’t think Bitcoin has hit its peak yet—despite the recent pullback from the $110,000 mark. In his latest YouTube update, he argues that the long-term trend still looks solid, especially with BTC holding above key moving averages on the weekly chart.
His reasoning? The price action doesn’t match what you’d expect at a market top. Bitcoin’s been climbing steadily since its 2025 low near $74,000, and this pause might just be a breather. “I think it’s hard to call a top here,” he says. “Look at the weekly chart. Price is above a rising EMA 8, and the distance to the MA 200 is still strong. The slope’s good too.”
In other words, the setup doesn’t scream “downturn.” At least not yet.
Lessons from the Past
Back in 2021, Bitcoin’s failure to break past $69,000 twice led to a brutal bear market, dragging prices down to $16,000. That kind of reversal isn’t what we’re seeing now, according to Cheds. The current consolidation feels different—more like a pause than a collapse.
Still, he’s keeping an eye on a few levels. “$88,500 is the last line that needs to hold if $96,000 gets tested and fails,” he notes. But he’s quick to add that it’s a zone, not a hard number. Markets don’t move in straight lines, after all.
What’s Next?
Right now, Bitcoin’s hovering around $101,957, and the big question is whether this consolidation turns into something more serious. Cheds seems to doubt it. “Any kind of top now isn’t based on the data we have,” he says.
Of course, nobody has a crystal ball. Bitcoin’s volatile enough to surprise everyone, for better or worse. But for the moment, the charts suggest there’s still room to run. Whether that plays out—well, we’ll just have to wait and see.
(Generated Image: Midjourney)
