{"id":608601,"date":"2024-05-17T14:00:18","date_gmt":"2024-05-17T14:00:18","guid":{"rendered":"https:\/\/uniquehot.com\/?p=608601"},"modified":"2024-06-11T06:57:53","modified_gmt":"2024-06-11T06:57:53","slug":"bitcoin-100000-head-and-shoulders","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-100000-head-and-shoulders\/","title":{"rendered":"Bitcoin To $100,000: Infamous Head And Shoulders Pattern Appears To Signal The Start Of Another Rally"},"content":{"rendered":"

Crypto analyst Crypto Jebb recently highlighted an inverse <\/span>heads and shoulders pattern<\/span><\/a> that had formed on the Bitcoin chart. This bullish pattern indicates another rally may be on the horizon for the flagship crypto, which could send its <\/span>price to $100,000<\/span><\/a>.\u00a0<\/span><\/p>\n

How Could Bitcoin Could Rise To $100,000<\/h2>\n

Crypto Jebb revealed in a <\/span>video<\/span><\/a> on his YouTube channel that the inverse heads-and-shoulders pattern he had been predicting for a while had finally formed on the charts. He predicts this pattern could lead to a price breakout, <\/span>sending Bitcoin\u2019s price to $70,000<\/span><\/a>. The analyst also noted that the price target of the bullish pattern is at $75,000, which indicates that Bitcoin could hit a <\/span>new all-time high<\/span><\/a> (ATH) on its next leg up.\u00a0<\/span><\/p>\n

Related Reading: End Of The Road For BNB After 200% Surge? Mounting Resistance Threatens Rally<\/a><\/div>\n

Crypto Jebb mentioned that there is a \u201cgreat degree of likelihood\u201d that Bitcoin would experience a major rally, which would <\/span>send it to $100,000<\/span><\/a> should it break its current ATH of $73,800. The crypto analyst believes that Bitcoin\u2019s rise to that price level is very likely, considering that it has seen a \u201cpretty large corrective movement\u201d since hitting a new ATH over two months ago.\u00a0<\/span><\/p>\n

The crypto analyst warned that there is a scenario where Bitcoin could also end up <\/span>trading sideways<\/span><\/a> between $60,000 and $64,000, which would signal a period of consolidation. He noted that Bitcoin could even drop lower during this period. However, Bitcoin\u2019s outlook is generally bullish based on the technical indicators that crypto Jebb highlighted.\u00a0<\/span><\/p>\n

The analyst highlighted the <\/span>Moving Average Convergence\/Divergence (MACD)<\/span><\/a>, which he noted is turning \u201cvery bullish\u201d on the daily chart and shows that the bulls are regaining control. He also claimed that Bitcoin is witnessing a \u2018green red green\u2019 formation on the daily chart, indicating that the crypto token is \u201cdoing very well.\u201d<\/span><\/p>\n

BTC Is In \u201cVery Bullish Territory<\/h2>\n

Crypto Jebb<\/span><\/a> mentioned that Bitcoin is currently in very bullish territory, especially since Altcoins are also rallying. He claims this indicates a \u201cgreat degree of confidence\u201d in the market at the moment. The crypto analyst also noted that the stock market just broke an all-time high, which he stated is big news for Bitcoin.<\/span><\/p>\n

Related Reading: PEPE Whales Go On Massive 720B Shopping Spree Amid Campaign For New ATHs, Is It Time To Get In?<\/a><\/div>\n

He explained that this is big news for <\/span>Bitcoin<\/span> because the flagship crypto follows the <\/span>stock market<\/span><\/a> and moves significantly whenever the stock market experiences a breakout. As such, with the stock market breaking its ATH, he expects Bitcoin to do so soon enough.\u00a0<\/span><\/p>\n

Crypto Jebb further explained that the rationale behind <\/span>Bitcoin following the stock market<\/span><\/a> is that investors are more confident in investing in risk-on assets when they see that the risk-off (the stock market) is doing so well.\u00a0<\/span><\/p>\n

Crypto Jebb predicts that Bitcoin will <\/span>become a risk-off asset<\/span><\/a> in the next ten to twenty years. When that happens, he predicts that hundreds of billions of dollars in investment will be made in the flagship crypto.\u00a0<\/span><\/p>\n

\"Bitcoin
BTC price holds above $66,000 | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n
Chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst Crypto Jebb recently highlighted an inverse heads and shoulders pattern that had formed on the Bitcoin chart. This bullish pattern indicates another rally may be on the horizon for the flagship crypto, which could send its price to $100,000.\u00a0 How Could Bitcoin Could Rise To $100,000 Crypto Jebb revealed in a video on his YouTube channel that the inverse heads-and-shoulders pattern he had been predicting for a while had finally formed on the charts. He predicts this pattern could lead to a price breakout, sending Bitcoin\u2019s price to $70,000. The analyst also noted that the price target of the bullish pattern is at $75,000, which indicates that Bitcoin could hit a new all-time high (ATH) on its next leg up.\u00a0 Related Reading: End Of The Road For BNB After 200% Surge? Mounting Resistance Threatens Rally Crypto Jebb mentioned that there is a \u201cgreat degree of likelihood\u201d that Bitcoin would experience a major rally, which would send it to $100,000 should it break its current ATH of $73,800. The crypto analyst believes that Bitcoin\u2019s rise to that price level is very likely, considering that it has seen a \u201cpretty large corrective movement\u201d since hitting a new ATH over two months ago.\u00a0 The crypto analyst warned that there is a scenario where Bitcoin could also end up trading sideways between $60,000 and $64,000, which would signal a period of consolidation. He noted that Bitcoin could even drop lower during this period. However, Bitcoin\u2019s outlook is generally bullish based on the technical indicators that crypto Jebb highlighted.\u00a0 The analyst highlighted the Moving Average Convergence\/Divergence (MACD), which he noted is turning \u201cvery bullish\u201d on the daily chart and shows that the bulls are regaining control. He also claimed that Bitcoin is witnessing a \u2018green red green\u2019 formation on the daily chart, indicating that the crypto token is \u201cdoing very well.\u201d BTC Is In \u201cVery Bullish Territory Crypto Jebb mentioned that Bitcoin is currently in very bullish territory, especially since Altcoins are also rallying. He claims this indicates a \u201cgreat degree of confidence\u201d in the market at the moment. The crypto analyst also noted that the stock market just broke an all-time high, which he stated is big news for Bitcoin. Related Reading: PEPE Whales Go On Massive 720B Shopping Spree Amid Campaign For New ATHs, Is It Time To Get In? He explained that this is big news for Bitcoin because the flagship crypto follows the stock market and moves significantly whenever the stock market experiences a breakout. As such, with the stock market breaking its ATH, he expects Bitcoin to do so soon enough.\u00a0 Crypto Jebb further explained that the rationale behind Bitcoin following the stock market is that investors are more confident in investing in risk-on assets when they see that the risk-off (the stock market) is doing so well.\u00a0 Crypto Jebb predicts that Bitcoin will become a risk-off asset in the next ten to twenty years. When that happens, he predicts that hundreds of billions of dollars in investment will be made in the flagship crypto.\u00a0 Chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":608613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[167,428,656,679,1119,89185,1122,1144,78790,6664,26263,14690],"class_list":["post-608601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nBitcoin To $100,000: Infamous Head And Shoulders Pattern Appears To Signal The Start Of Another Rally<\/title>\n<meta name=\"description\" content=\"Crypto analyst 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin To $100,000: Infamous Head And Shoulders Pattern Appears To Signal The Start Of Another Rally","url":"http:\/\/uniquehot.com\/news\/bitcoin-100000-head-and-shoulders\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-100000-head-and-shoulders\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/Bitcoin_392e02.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/Bitcoin_392e02.jpeg?fit=1792%2C1024"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","crypto","crypto analyst","crypto news"],"dateCreated":"2024-05-17T14:00:18Z","datePublished":"2024-05-17T14:00:18Z","dateModified":"2024-06-11T06:57:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin To $100,000: Infamous Head And Shoulders Pattern Appears To Signal The Start Of Another Rally\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-100000-head-and-shoulders\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-100000-head-and-shoulders\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Bitcoin_392e02.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Bitcoin_392e02.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2024-05-17T14:00:18Z\",\"datePublished\":\"2024-05-17T14:00:18Z\",\"dateModified\":\"2024-06-11T06:57:53Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/Bitcoin_392e02.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/608601"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=608601"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/608601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/608613"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=608601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=608601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=608601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}