Bitcoin bulls are getting louder — and the setup they're watching is very specific.
Published research this week argues BTC remains bullish on both tactical and multi-year horizons. The near-term trigger analysts are pointing to is a daily close above the May high near $83,215. Break that, the argument goes, and a short-squeeze could open the door to a much larger surge.
Longer term, one camp of analysts is anchoring to a target of roughly $300,000 by 2029. The drivers they cite: accelerating adoption, expanding real-world utility, and the steady erosion of dollar purchasing power. Historical cycle work referenced in recent notes supports the pattern — extended sideways chop, then a parabolic move in the final year of the cycle.
The main risks flagged in that same research: adoption stalls, or a structural shift in the macro regime that breaks the pattern.
Worth remembering these are attributed views from third-party research, not predictions — but the technical line in the sand is clear.