Bitcoin has “well-formed” evidence, which suggests that its next all-time high will top out at $200,000, one crypto analyst says.

In a tweet on Jan. 27, popular Twitter commentator Trader Tardigrade, also known as Alan, also revealed $70,000 as the next potential BTC bear market bottom.

“Bitcoin well-formed structure with stochastic behavior indicates that the next ATH will be at 200K and next floor will be at 70K,” Alan summarized alongside an illustrative chart.

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