Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

XRP price to see 64,000% rally up to $ 1,700? Analysts reveal at the end of year forecasts

2025-05-23

Cardano Price forecast: ADAs 13% Rebound -Tests $ 1 breakout -zone

2025-05-23

VELO works together with Paxos to redefine the infrastructure of the Stablecoin payments

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    VELO works together with Paxos to redefine the infrastructure of the Stablecoin payments

    2025-05-22

    Not ECDSA. Not schnorr. Meet Dahlias.

    2025-05-22

    Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

    2025-05-22

    Sophon reveals ZKTLS-based social oracle to integrate private web2 data

    2025-05-22

    Solana to get a big design prevention

    2025-05-22
  • NFT

    Hashrate Hackers introduces Ordinals NFT collections supported by Bitcoin Hashrate

    2025-05-22

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP price to see 64,000% rally up to $ 1,700? Analysts reveal at the end of year forecasts

    2025-05-23

    Solana Memecoin on average daily volume rises 46% in May, which, following Bitcoin’s recovery, following Bitcoin

    2025-05-22

    Bitcoin on a confirmed breakout after reaching new all time high, says analyst Kevin Svenson-Hier is his prospects

    2025-05-22

    XRP price consolidates before the launch – is an outbreak on the horizon?

    2025-05-22

    Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

    2025-05-22
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin Rally Reflects 2020 Rise – Does This Mean BTC Will Hit $100,000 Now?
Bitcoin

Bitcoin Rally Reflects 2020 Rise – Does This Mean BTC Will Hit $100,000 Now?

2024-11-20No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • After consolidation, Bitcoin jumped above the $91,000 mark again.
  • BTC tested the resistance of a bullish ascending triangle pattern.

Unlike last time, Bitcoin [BTC] it took a few days to finally get above the $91k mark. But this could be the start of a new rally. This appeared to be the case as BTC reflected its past trend, suggesting that the king coin could reach $100,000 sooner than expected.

Bitcoin turns bullish again

After hitting an all-time high, BTC witnessed a pullback but managed to trade above the $90,000 mark as it started to consolidate. AMBCrypto reported rather that a possible reason for this could be the sell-off of 3,000 BTC by miners.

Bitcoin’s ability to remain above $90,000 indicated significant market confidence, even as miners’ profit-taking resulted in an increase in supply.

Investor confidence has indeed paid off as the price of BTC has risen by almost 2% over the past 24 hours, allowing it to rise above $91,000.

Meanwhile, Ali, a popular crypto analyst, recently posted a tweet point to a remarkable development.

Source:

According to the tweet, Bitcoin was mimicking a past trend. In 2020, after breaking its previous all-time high of $19,700, Bitcoin rose 26%, consolidated for a week and then jumped to $40,000.

This time a similar trend was seen. To be precise, BTC is up 28% after surpassing its previous ATH and has been consolidating over the past six days. While history repeats itself, BTC is not an overly ambitious expectation next to the $100,000 target.

Is BTC Targeting $100,000 Next?

The Pi Cycle Top indicator indicated that Bitcoin was trading well above its assumed market bottom of $64.9k. If the indicator is to be believed, BTC’s possible market top was at $120,000.

See also  California City Launches New 'Bitcoin Office' Dedicated to BTC's 'Transformative Potential'

Therefore, it wouldn’t be a gamble to expect BTC to target $100,000 next, in case of a rise in volatility.

BTC Pi Cycle Top IndicatorBTC Pi Cycle Top Indicator

Source: Glassnode

Glassnode’s data also indicated that whales’ trust in the king coin has increased in recent weeks. This was evidenced by the increase in the number of BTC addresses by more than $1 billion, which could fuel a price increase.

Moreover, BTC’s NVT ratio declined after a sharp increase. A decline in the measure means that an asset is undervalued, indicating that a price increase will occur soon.

Bitcoin's NVT ratioBitcoin's NVT ratio

Source: Glassnode

AMBCrypto’s analysis showed that a bullish ascending triangle pattern was forming on BTC’s 12-hour chart. At the time of writing, the king coin was testing the pattern’s resistance.


Read Bitcoins [BTC] Price prediction 2024–2025


If Bitcoin manages to break above that level, it won’t be surprising to see another bull run, pushing the coin towards $100,000.

Source: TradingView

Previous: Memecoins Reached $116 Billion Market Cap After Elections: Are DOGE and SHIB Behind the Rally?

Next: LimeWire Cryptos Rise 65% in 24 Hours – Know THIS Before You Go Long!

Source link

Bitcoin BTC hit rally reflects Rise
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP price to see 64,000% rally up to $ 1,700? Analysts reveal at the end of year forecasts

2025-05-23

Bitcoin Golden Cross in Play – Analyst reveals the best way to act

2025-05-22

Solana Memecoin on average daily volume rises 46% in May, which, following Bitcoin’s recovery, following Bitcoin

2025-05-22

Bitcoin on a confirmed breakout after reaching new all time high, says analyst Kevin Svenson-Hier is his prospects

2025-05-22
Add A Comment

Comments are closed.

Top Posts

Expert predicts Bitcoin price will rise to $58,000, here’s why

2024-02-09

Former FTX Employee Sues Bankrupt Crypto Exchange, Seeks $275,000 in Unpaid Bonus: Court Documents

2023-11-16

PwC China, Xalts to advance tokenization, programmable assets in finance

2024-05-20
Editors Picks

This is not normal…

2024-02-28

Cardano: Decoding the NFT, DeFi factor in ADA’s journey

2022-10-14

Bitcoin: Here’s How Interest in Ordinals Reached New Highs

2023-11-17

Crypto Services Company Admits to Trading Coins Created by the FBI in Undercover Operations

2025-01-23
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

XRP price to see 64,000% rally up to $ 1,700? Analysts reveal at the end of year forecasts

Cardano Price forecast: ADAs 13% Rebound -Tests $ 1 breakout -zone

VELO works together with Paxos to redefine the infrastructure of the Stablecoin payments

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,809.14-0.58%
  • ethereumEthereum(ETH)$2,696.952.66%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.461.55%
  • binancecoinBNB(BNB)$686.630.52%
  • solanaSolana(SOL)$182.563.20%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2473192.64%
  • cardanoCardano(ADA)$0.834.50%
  • tronTRON(TRX)$0.2735640.97%
  • suiSui(SUI)$3.91-3.78%
  • hyperliquidHyperliquid(HYPE)$34.5612.82%
  • chainlinkChainlink(LINK)$16.902.99%
  • avalanche-2Avalanche(AVAX)$25.556.85%
  • stellarStellar(XLM)$0.3057552.38%
  • shiba-inuShiba Inu(SHIB)$0.0000163.16%
  • bitcoin-cashBitcoin Cash(BCH)$450.227.80%
  • hedera-hashgraphHedera(HBAR)$0.2059532.35%
  • unus-sed-leoUNUS SED LEO(LEO)$8.87-0.02%
  • polkadotPolkadot(DOT)$5.043.74%
  • the-open-networkToncoin(TON)$3.171.61%
  • litecoinLitecoin(LTC)$101.372.12%
  • moneroMonero(XMR)$389.07-1.93%
  • pepePepe(PEPE)$0.00001612.52%
  • bitget-tokenBitget Token(BGB)$5.676.52%
  • piPi(PI)$0.81-2.46%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.00-0.05%
  • uniswapUniswap(UNI)$6.592.79%
  • bittensorBittensor(TAO)$467.98-0.77%
  • aaveAave(AAVE)$258.881.51%
  • nearNEAR Protocol(NEAR)$3.115.56%
  • aptosAptos(APT)$5.929.86%
  • ondo-financeOndo(ONDO)$1.032.89%
  • okbOKB(OKB)$52.92-0.49%
  • kaspaKaspa(KAS)$0.1167101.44%
  • internet-computerInternet Computer(ICP)$5.723.56%
  • ethereum-classicEthereum Classic(ETC)$19.751.26%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.27-1.82%
  • render-tokenRender(RENDER)$5.265.82%
  • gatechain-tokenGateToken(GT)$21.94-0.06%
  • crypto-com-chainCronos(CRO)$0.1006521.65%
  • vechainVeChain(VET)$0.0308322.76%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2532412.01%
  • mantleMantle(MNT)$0.773.14%
  • ethenaEthena(ENA)$0.4399257.16%
  • worldcoin-wldWorldcoin(WLD)$1.5522.27%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9413.82%
  • usd1World Liberty Financial USD(USD1)$1.00-0.18%
  • arbitrumArbitrum(ARB)$0.4348112.63%
  • bitcoinBitcoin(BTC)$110,809.14-0.58%
  • ethereumEthereum(ETH)$2,696.952.66%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.461.55%
  • binancecoinBNB(BNB)$686.630.52%
  • solanaSolana(SOL)$182.563.20%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2473192.64%
  • cardanoCardano(ADA)$0.834.50%
  • tronTRON(TRX)$0.2735640.97%
  • suiSui(SUI)$3.91-3.78%
  • hyperliquidHyperliquid(HYPE)$34.5612.82%
  • chainlinkChainlink(LINK)$16.902.99%
  • avalanche-2Avalanche(AVAX)$25.556.85%
  • stellarStellar(XLM)$0.3057552.38%
  • shiba-inuShiba Inu(SHIB)$0.0000163.16%
  • bitcoin-cashBitcoin Cash(BCH)$450.227.80%
  • hedera-hashgraphHedera(HBAR)$0.2059532.35%
  • unus-sed-leoUNUS SED LEO(LEO)$8.87-0.02%
  • polkadotPolkadot(DOT)$5.043.74%
  • the-open-networkToncoin(TON)$3.171.61%
  • litecoinLitecoin(LTC)$101.372.12%
  • moneroMonero(XMR)$389.07-1.93%
  • pepePepe(PEPE)$0.00001612.52%
  • bitget-tokenBitget Token(BGB)$5.676.52%
  • piPi(PI)$0.81-2.46%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.00-0.05%
  • uniswapUniswap(UNI)$6.592.79%
  • bittensorBittensor(TAO)$467.98-0.77%
  • aaveAave(AAVE)$258.881.51%
  • nearNEAR Protocol(NEAR)$3.115.56%
  • aptosAptos(APT)$5.929.86%
  • ondo-financeOndo(ONDO)$1.032.89%
  • okbOKB(OKB)$52.92-0.49%
  • kaspaKaspa(KAS)$0.1167101.44%
  • internet-computerInternet Computer(ICP)$5.723.56%
  • ethereum-classicEthereum Classic(ETC)$19.751.26%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.27-1.82%
  • render-tokenRender(RENDER)$5.265.82%
  • gatechain-tokenGateToken(GT)$21.94-0.06%
  • crypto-com-chainCronos(CRO)$0.1006521.65%
  • vechainVeChain(VET)$0.0308322.76%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2532412.01%
  • mantleMantle(MNT)$0.773.14%
  • ethenaEthena(ENA)$0.4399257.16%
  • worldcoin-wldWorldcoin(WLD)$1.5522.27%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9413.82%
  • usd1World Liberty Financial USD(USD1)$1.00-0.18%
  • arbitrumArbitrum(ARB)$0.4348112.63%