Just pulled up some old bitcoin price prediction analysis from 2023 and wow, the market's moved way beyond those targets. Back then analysts were calling for BTC to hit somewhere between $31k and $37.8k, with a bearish case at $21.6k. Here we are in 2026 and Bitcoin's already trading around $80.5k with an ATH of $126k. Those predictions aged pretty quick.

The technical setup they were analyzing back then - that right angle descending broadening wedge pattern - it actually played out as a bullish reversal like they suggested. The resistance levels they mapped out became support, which is the classic playbook. What's interesting is how they were looking at moving averages, RSI readings around 42.45 showing nearly oversold conditions. That kind of setup usually does lead to the bounce we eventually saw.

Looking at the progression, their 2024-2030 bitcoin price prediction range of $40k to $40.3k on the bullish side seems wildly conservative now. We've basically blown past that entire forecast range already. The bearish case stayed flat around $21.7k-$21.8k through 2030, which also didn't age well given where we are.

The interesting part is the fundamental thesis held up - they talked about Bitcoin adoption accelerating, regulatory frameworks developing, and the supply cap staying fixed at 21 million. That macro narrative did play out. Current circulating supply is around 20 million BTC, so we're close to the final stretch of mining.

Not saying old technical analysis is useless, but this is a good reminder that even detailed bitcoin price prediction work can miss the bigger moves. The pattern recognition was solid, but market sentiment shifts can override technical levels pretty quickly. Worth keeping these old calls in mind when you're thinking about what could happen next.