Bitcoin is back in a place where bold upside calls are starting to circulate again, and while short-term one analyst believes the cryptocurrency is setting up for a powerful move that sends the price action all the way to $200,000. The call is built around a long-term cycle structure on the monthly candlestick timeframe chart that treats Bitcoin’s recent price action as part of a larger repeating pattern.

The Monthly Chart Case For $200,000

The chart Bitcoin Teddy shared that maps out three major cycle phases using large green expansion boxes and blue-circled buy zones. These buy zones are situated around a curved support line that connects previous lows.

The first buy zone appeared in 2019, ahead of the move that eventually carried Bitcoin above $69,000. The second buy zone was in late 2022, just before the rally that eventually pushed Bitcoin’s price action to $126,000 in October 2025. The third is the current setup, labeled as a 2026 buy zone near the long-term curved support line, with the projected next peak sitting at $200,000.

Each rally is gradually shrinking in percentage terms. The move from 2019 to 2021’s 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 around 233%.

When The Chart Says To Buy

The “when to buy” part of the forecast is the $200,000 target itself. Bitcoin Teddy’s chart points to the current region, which is the zone between the long-term curve and the lower part of the latest green box, as the preferred entry window. That area sits around the $60,000s up into the $70,000s, with the blue circle placed close to the latest corrective low in February.

Bitcoin has February low, and the broader market has started to stabilize, with Spot ETF inflowsDespite that recovery, price action has not fully broken away from the highlighted accumulation band. It is still within the same broader zone identified on the chart, meaning the setup to the $200,000 projection is still technically in place.

At the time of writing, Bitcoin is trading at $77,880. Therefore, the path from current levels to $200,000 would require approximately a 156% gain from around $77,000, a move that several institutional analysts the current cycle window. 

Goldman Sachs Bitcoin ETF product shortly after Morgan Stanley launched its own spot Bitcoin ETF, showing that large financial firms Bitcoin-linked products.