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.
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’s 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.
Related Reading
Crypto Jebb mentioned that there is a “great degree of likelihood” 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’s rise to that price level is very likely, considering that it has seen a “pretty large corrective movement” since hitting a new ATH over two months ago.
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’s outlook is generally bullish based on the technical indicators that crypto Jebb highlighted.
The analyst highlighted the Moving Average Convergence/Divergence (MACD), which he noted is turning “very bullish” on the daily chart and shows that the bulls are regaining control. He also claimed that Bitcoin is witnessing a ‘green red green’ formation on the daily chart, indicating that the crypto token is “doing very well.”
BTC Is In “Very Bullish Territory
Crypto Jebb mentioned that Bitcoin is currently in very bullish territory, especially since Altcoins are also rallying. He claims this indicates a “great degree of confidence” 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
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.
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.
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.
Chart from Tradingview.com
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.
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’s 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.
Related Reading
Crypto Jebb mentioned that there is a “great degree of likelihood” 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’s rise to that price level is very likely, considering that it has seen a “pretty large corrective movement” since hitting a new ATH over two months ago.
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’s outlook is generally bullish based on the technical indicators that crypto Jebb highlighted.
The analyst highlighted the Moving Average Convergence/Divergence (MACD), which he noted is turning “very bullish” on the daily chart and shows that the bulls are regaining control. He also claimed that Bitcoin is witnessing a ‘green red green’ formation on the daily chart, indicating that the crypto token is “doing very well.”
BTC Is In “Very Bullish Territory
Crypto Jebb mentioned that Bitcoin is currently in very bullish territory, especially since Altcoins are also rallying. He claims this indicates a “great degree of confidence” 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
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.
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.
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.
Chart from Tradingview.com
how to buy generic clomiphene price where to buy clomid no prescription clomid prices in south africa can i purchase generic clomiphene prices can i order clomiphene without a prescription order generic clomid pills clomiphene pills price at clicks
With thanks. Loads of erudition!
With thanks. Loads of erudition!
zithromax pills – oral floxin 400mg flagyl 400mg brand
order generic semaglutide 14mg – semaglutide pills periactin online order
buy generic domperidone – order tetracycline 500mg generic order cyclobenzaprine 15mg pill
azithromycin order – order nebivolol 5mg online bystolic 20mg tablet
amoxiclav buy online – https://atbioinfo.com/ ampicillin pills
buy nexium without a prescription – https://anexamate.com/ buy cheap nexium
buy medex pills for sale – https://coumamide.com/ buy cozaar 50mg generic
blue pill for ed – site buy erectile dysfunction medication
fluconazole order – https://gpdifluca.com/# diflucan pills
cenforce pills – https://cenforcers.com/# buy cenforce generic
what doe cialis look like – https://ciltadgn.com/ cialis for bph insurance coverage
mantra 10 tadalafil tablets – https://strongtadafl.com/# cialis side effects with alcohol
order zantac 300mg pill – purchase zantac pill ranitidine 300mg canada
generic viagra blue pill 100 on one side – buy viagra in ottawa buy viagra mumbai
I’ll certainly bring to read more. buy nolvadex online cheap
More posts like this would force the blogosphere more useful. https://buyfastonl.com/furosemide.html
I couldn’t turn down commenting. Well written! https://ursxdol.com/get-metformin-pills/
Thanks an eye to sharing. It’s outstrip quality. https://prohnrg.com/
This is a topic which is near to my callousness… Many thanks! Quite where can I lay one’s hands on the contact details due to the fact that questions? https://aranitidine.com/fr/acheter-propecia-en-ligne/
This is a theme which is virtually to my verve… Myriad thanks! Exactly where can I notice the contact details an eye to questions? https://ondactone.com/simvastatin/