Bitcoin is back to a place where bold calls for growth are starting to circulate again, and in the brief term the mood is still mixed, one analyst believes the cryptocurrency is gearing up for a massive move that will send price action as high as $200,000. The call relies on a long-term cycle structure on a monthly candlestick chart, which treats Bitcoin’s recent price action as part of a larger repeating pattern.

The $200,000 monthly chart case

Bitcoin Teddy chart released this is the monthly chart of Bitcoin which delineates the three main phases of the cycle using enormous green expansion boxes and blue circled purchasing zones. These buying zones are located around a curved support line that connects previous lows.

The first buy zone appeared in 2019, before the move that ultimately took Bitcoin above $69,000. The second buying zone occurred in tardy 2022, just before the rally that ultimately pushed Bitcoin’s price action to $126,000 in October 2025. The third is the current setup, marked as a 2026 buying zone near a long-term curved support line, with the next high projected at $200,000.

Each rally gradually decreases in percentage terms. The shift from the 2019 peak to the 2021 peak was over 2,000%. The move from 2022 to the current peak was over 700%. The expected move from the current accumulation zone to $200,000 is approximately 233%.

When the chart says to buy

Part of the forecast is “when to buy.” as crucial as the $200,000 goal alone. The Bitcoin Teddy chart shows the current region, i.e. the zone between the long-term curve and the bottom of the latest green box, as the preferred entry window. This area ranges from $60,000 to $70,000, with the blue circle located near the recent corrective low from February.

Bitcoin has since it bounced back February low and the broader market began to stabilize with inflows of Spot ETFs returning to more stable levels. Despite this recovery, price action did not completely break away from the highlighted accumulation band. It is still within the same broader zone indicated on the chart, which means the setup for a $200,000 forecast is still technically ready.

At the time of writing, Bitcoin is trading at $77,880. Therefore, moving from the current level to $200,000 would require about a 156% boost from about $77,000, a move that several institutional analysts we believe this is achievable from within current cycle window.

Goldman Sachs reported for the first time Bitcoin ETF product shortly after Morgan Stanley launched its own Bitcoin ETF spot, showing that enormous financial firms they keep pushing deeper Bitcoin related products.

Featured image from pngtree, chart from Tradingview.com