Pundit Says Bitcoin Price Will Break Above $100,000 If This Happens

Name	Symbol	Market	Market Cap ($)	Algorithm
Pepe	PEPEUSD	Crypto	7,572,420,000	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Pepe

PEPEUSD

Crypto

7,572,420,000

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.00000100	-5.26%	0.000018	0.000018	0.000018

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.00000100

-5.26%

0.000018

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.000019	0.000018	0.000019	0.000019	0.00000086 - 0.000028

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.000019

0.000018

0.000019

0.00000086 - 0.000028

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	09:51:21	2,037,424.86	0.000018	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

09:51:21

2,037,424.86

0.000018

USD

Price x Volume	Volume	Base Symbol	Related Pairs
676,690.88	36,602,222,533.18	PEPE	PEPEEUR

Price x Volume

Volume

Base Symbol

Related Pairs

676,690.88

36,602,222,533.18

PEPE

PEPEEUR

Pundit Says Bitcoin Price Will Break Above $100,000 If This Happens

15/01/2025 4:00pm

NEWSBTC

Technical analysis of the Bitcoin price chart shows that the leading cryptocurrency is still on the way to breaking above $100,000 in light of a pattern formation on the Bitcoin price chart. Notably, an analyst has pointed to a wedge pattern forming on Bitcoin’s 4-hour candlestick timeframe chart as the precursor to this bullish upside move, while dismissing earlier projections of bearish momentum arising from a head-and-shoulders pattern. The Wedge Formation: A Breakout To $100,000? According to the analysis, which was posted on the TradingView platform, Bitcoin is currently trading within a falling wedge pattern, which is often seen as a bullish chart pattern in technical analysis. This falling wedge analysis outlook arose after the invalidation of a head-and-shoulder pattern that recently threatened to bring a bearish outlook to Bitcoin‘s short-term price action. Related Reading: Analyst Who Predicted Bitcoin Price Crash To $89,000 Reveals Where BTC Is Headed Next The crypto analyst dismissed prior concerns over this head-and-shoulders pattern, labeling it as “fake” and has instead reinforced a bullish outlook for Bitcoin. This head-and-shoulders pattern had threatened to send Bitcoin below the $90,000 mark and essentially invalidate a bullish outlook for the leading cryptocurrency. As of now, there is a confirmation of a falling wedge pattern on the Bitcoin price chart. This falling wedge pattern has been in formation since December 17, when Bitcoin reached an all-time high of $108,135. Furthermore, this falling wedge has been highlighted by the formation of lower highs and lower lows, all of which are characteristic of the bullish pattern formation. Interestingly, recent price action in the past 24 hours has seen Bitcoin inching closer to the upper trendline of the falling wedge. With this formation now confirmed, the only thing left is for a substantial break above the upper trendline, which would send Bitcoin trading above $100,000. Bitcoin Price Now Bitcoin’s price movement over the past 24 hours has exhibited another minor bullish trend after a rebound from the $90,800 support level on January 13. This upward bounce comes after Bitcoin faced mounting pressure over the weekend and briefly threatened to dip below $90,000. Instead, the rebound has pushed Bitcoin’s price upward by 6.8% over the past 48 hours. Related Reading: PEPE Marks Bottom After Scary Market Crash, Enters Wave 3 With Over 500% Promise As of now, Bitcoin is trading at $97,000, edging closer to reclaiming its bullish momentum. The cryptocurrency is just 3% shy of breaking above the upper trendline of the falling wedge pattern and registering what could be the end of the recent price correction. However, current trends in buying activity reveal a notable slowdown in investor participation, and it might reach towards the end of January and the beginning of February before the action of renewed interest begins. Featured image created with Dall.E, chart from Tradingview.com

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

PEPEUSD Pepe