Mercato
24h Vol
6566
Cryptocurrencies
51.43%
Bitcoin Condividere

Bitcoin’s ‘Next Leg Higher Has Started,’ Says Analyst: Reveals $100,000 Target On The Horizon

Bitcoin’s ‘Next Leg Higher Has Started,’ Says Analyst: Reveals $100,000 Target On The Horizon


NewsBTC
2024-03-27 02:00:58

Jelle, a well-regarded crypto analyst, recently shared via the latest post on X that Bitcoin is on the verge of a significant upward movement, potentially reaching the $100,000 mark much sooner than many have anticipated. This optimistic prediction comes when Bitcoin has shown considerable resilience, bouncing back from various challenges and solidifying its position as a leading digital asset. Related Reading: Analyst Warns Of Bitcoin Pre-Halving Retrace Echoing Troubling 2020 Trend The Bitcoin Path To $100,000 Jelle’s assertion that Bitcoin is gearing up for a significant price rally to $100,000 is supported by recent market movements and the strategic positioning of investors within the ecosystem. The analyst’s confidence is rooted in observing Bitcoin’s market behavior, including establishing a new higher low and a push toward previous highs. Such patterns have historically preceded substantial gains for Bitcoin, making the $100,000 target seem increasingly attainable. The new higher low has locked in, and #Bitcoin is pushing back towards the highs. The next leg higher has started. $100,000 is a matter of time, imo. https://t.co/EA1TvcUlN5 pic.twitter.com/qt55a0Uy7f — Jelle (@CryptoJelleNL) March 26, 2024 This forecast is further bolstered by the market’s reaction to Bitcoin’s recent performance. Despite some volatility, the cryptocurrency has managed to reclaim and maintain a price point above $69,000. Mysterious Movements And Market Signals Adding to the intrigue surrounding Bitcoin’s potential surge is a mysterious on-chain activity involving one of the cryptocurrency’s dormant addresses. This address, the fifth richest Bitcoin wallet, suddenly sprang to life after years of inactivity, moving roughly $6 billion worth of Bitcoin. The transaction, executed over the weekend, divided the sum into smaller amounts distributed across new wallets. The 5th richest Bitcoin address just moved over $6 BILLION in BTC to three new addresses. 37X moved almost its ENTIRE BALANCE of 94.5K BTC ($6.05B) in the early hours of Saturday 23rd March, leaving only 1.4 BTC in the address. The 94.5K BTC had not been moved since 37X… pic.twitter.com/mAjpg0oqnD — Arkham (@ArkhamIntel) March 25, 2024 This activity has raised eyebrows within the crypto community, as large BTC wallets are typically linked to exchanges. Still, the lack of exchange-related activity and interactions with this particular wallet has led to speculation about its ownership and purpose. Related Reading: Bitcoin Price Surges Past $71,000: 4 Key Reasons Behind The Rally However, BTC’s ability to sustain its price above $69,000 in the days following this activity indicates that whoever is responsible for this mysterious activity might not have made any sell move. Meanwhile, Analyst Rekt Capital has recently drawn parallels between the current market conditions and the pre-halving phase of 2020, suggesting that Bitcoin may be poised for a similar growth trajectory as witnessed in previous cycles. Featured image from Unsplash, Chart from TradingView


Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta