The article explores whether the recent Bitcoin rally is over by comparing current trends with historical patterns from 2017 and 2020. Analysts like Crypto Jebb note Bitcoin's consistent behavior of breaking resistance levels during this time of year, suggesting potential continued upward momentum, although it currently hovers below previous all-time highs.
Crypto analyst Crypto Jebb identifies an 'inverse head and shoulders' chart pattern for Bitcoin (BTC), suggesting a potential price surge to $100,000.
Crypto analyst Crypto Jebb has identified an inverse head and shoulders pattern on the Bitcoin chart, signaling a possible rally. Jebb predicts Bitcoin could reach $100,000, with bullish indicators like MACD and a recent stock market ATH supporting the upward trend, despite potential pullbacks or consolidation.
Crypto analyst Crypto Jebb predicts Bitcoin's price could reach $75,000 based on an inverse Head and Shoulders pattern, signaling a potential bullish rally.