News View Non-AMP

Bitcoin to Hit New $100,000 ATH?! Experts Reveal SHOCKING Price Target

Published by
Qadir AK

Bitcoin, the trailblazer and king of cryptocurrencies, is making headlines once more as it rockets past the $64,000 threshold. Over the last 24 hours, it has seen a robust 4.3% increase, with a solid 3% rise over the past week. This significant upturn suggests a possible end to Bitcoin’s recent correction phase, igniting hope among investors.

Not to be outshone, Ethereum is also holding its ground amidst the market’s ups and downs. While it has seen a modest 2% uptick in the past 24 hours, it experienced a slight 2.36% dip over the last seven days. However, hovering around $2,950, Ethereum’s resilience is certainly promising. Joining the upward momentum are Binance and Solana, boasting gains of 5% and $151, respectively.

Altcoins Join the Rally

It’s not just Bitcoin and Ethereum leading the charge; altcoins are also joining the rally with positive movements. TON Coin, Cardano, Dogecoin, and Shiba Inu are all showing varying degrees of upward momentum, indicating a bullish sentiment prevailing across the market.

Analyst Remain Bullish

Crypto analyst Crypto Jebb has been closely tracking a significant pattern—an inverse head-and-shoulder formation. Typically signaling a bullish breakout, this pattern sets a target price of around $70,000. With its distinct anatomy featuring a left shoulder, a deeper head, and a right shoulder forming a neckline, this pattern suggests a reversal of the previous downtrend.

While aiming above the current all-time high raises hopes of surpassing previous records, caution is advised. Resistance levels could present obstacles to reaching the full price target. Nevertheless, completion of the inverse Head and Shoulders pattern hints at potential upward movement in the near term.

Where is the Price Headed?

The post-breakout scenario offers several potential trajectories, ranging from a retest of the previous all-time high at $69,000 to a rally towards the current peak of $73,800. Alternatively, a full fulfillment of the pattern could propel Bitcoin to $75,000, surpassing previous highs and potentially signaling a broader market rally towards $100,000.

Adding weight to the optimistic outlook is the MACD on the daily chart, which is turning bullish. This indicator suggests a resurgence of bullish sentiment, further fueling anticipation for potential upward movement in the market.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Where to Buy Influencer Pepe Before It Hits Major Exchanges!

A new meme coin that is gaining significant attention in the cryptocurrency market is Influencer…

March 31, 2025

Bitcoin (BTC) Drops Toward Range Lows While Whales Accumulate a New Token Priced at $0.025

While Bitcoin hovers near its recent range lows, a quiet shift is taking place in…

March 31, 2025

Dogecoin is Facing Rising Bearish Threat as It Drops Toward $0.16: Will Buyers Bounce Back?

Dogecoin has experienced a significant decline in the past few hours, facing a sharp selloff…

March 31, 2025

ICB Labs Expands Global Presence with Strategic Partnerships, Staking Opportunities, and Upcoming DEX Launch

ICB Labs continues its global expansion, strengthening its blockchain ecosystem through strategic collaborations, enhanced staking…

March 31, 2025

Best Crypto to Invest in if You Want Become A Crypto Whale: Top 3 Crypto Investments of 2025

Are you a crypto newbie who wants to become a crypto whale? If so, you've…

March 31, 2025

Remittix Raises Over $14 Million in Record Time as Presale Is Predicted to Be the Best of 2025

The crypto landscape has been stunned by the rapid success of Remittix which obtained over…

March 31, 2025