Bitcoin 'Next Leg Higher Has Started,' Says Analyst: Reveals $100,000 Target On The Horizon<\/title>\n<meta name=\"description\" content=\"Jelle, a well-regarded crypto analyst known has recently shared via a latest post on X, suggesting that Bitcoin is on the verge of...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-next-leg-higher-has-started-says-analyst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin 'Next Leg Higher Has Started,' Says Analyst: Reveals $100,000 Target On The Horizon\" \/>\n<meta property=\"og:description\" content=\"Jelle, a well-regarded crypto analyst known has recently shared via a latest post on X, suggesting that Bitcoin is on the verge of...\" \/>\n<meta property=\"og:url\" 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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.<\/p>\n

The Bitcoin Path To $100,000<\/h2>\n
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.<\/p>\n
The analyst’s confidence is rooted in observing Bitcoin’s market behavior, including establishing a new higher low and a push toward previous highs.<\/p>\n
Such patterns have historically preceded substantial gains for Bitcoin, making the $100,000 target seem increasingly attainable.<\/p>\n
\n
The new higher low has locked in, and #Bitcoin<\/a> is pushing back towards the highs.<\/p>\n
The next leg higher has started.<\/p>\n
$100,000 is a matter of time, imo. https:\/\/t.co\/EA1TvcUlN5<\/a> pic.twitter.com\/qt55a0Uy7f<\/a><\/p>\n
\u2014 Jelle (@CryptoJelleNL) March 26, 2024<\/a><\/p><\/blockquote>\n
This forecast is further bolstered by the market’s reaction<\/a> to Bitcoin’s recent performance. Despite some volatility, the cryptocurrency has managed to reclaim and maintain a price point above $69,000.<\/p>\n
Mysterious Movements And Market Signals<\/h2>\n
Adding to the intrigue surrounding Bitcoin’s potential surge<\/a> 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.<\/p>\n
The transaction, executed over the weekend, divided the sum into smaller amounts distributed across new wallets.<\/p>\n
\n
The 5th richest Bitcoin address just moved over $6 BILLION in BTC to three new addresses.<\/p>\n
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.<\/p>\n
The 94.5K BTC had not been moved since 37X\u2026 pic.twitter.com\/mAjpg0oqnD<\/a><\/p>\n
\u2014 Arkham (@ArkhamIntel) March 25, 2024<\/a><\/p><\/blockquote>\n
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.<\/p>\n
Related Reading: Bitcoin Price Surges Past $71,000: 4 Key Reasons Behind The Rally<\/a><\/div>\n
However, BTC’s ability to sustain its price above $69,000<\/a> in the days following this activity indicates that whoever is responsible for this mysterious activity might not have made any sell move.<\/p>\n
$\"Bitcoin$
BTC price is moving sideways on the 4-hour chart. Source: BTC\/USD on TradingView.com<\/a><\/figcaption><\/figure>\n
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 <\/a>growth trajectory\u00a0as witnessed in previous cycles.<\/p>\n
Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"
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 \u2014 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\u2026 pic.twitter.com\/mAjpg0oqnD \u2014 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\u00a0as witnessed in previous cycles. Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":599876,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,8856,678,1119,78790,6664],"class_list":["post-599875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-halving","tag-bitcoin-prediction","tag-btc","tag-btcusdt","tag-crypto"],"acf":[],"yoast_head":"\nBitcoin 'Next Leg Higher Has Started,' Says Analyst: Reveals $100,000 Target On The Horizon<\/title>\n<meta name=\"description\" content=\"Jelle, a well-regarded crypto analyst known has recently shared via a latest post on X, suggesting that Bitcoin is on the verge of...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin\u2019s ‘Next Leg Higher Has Started,’ Says Analyst: Reveals $100,000 Target On The Horizon","url":"http:\/\/wncen.com\/news\/bitcoin-next-leg-higher-has-started-says-analyst\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-next-leg-higher-has-started-says-analyst\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/photo-41-c8ee93618c9a.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/photo-41-c8ee93618c9a.jpg?fit=900%2C599"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin halving","bitcoin prediction","btc","btcusdt","crypto"],"dateCreated":"2024-03-27T02:00:58Z","datePublished":"2024-03-27T02:00:58Z","dateModified":"2024-06-11T07:33:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin\\u2019s ‘Next Leg Higher Has Started,’ Says Analyst: Reveals $100,000 Target On The Horizon\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-next-leg-higher-has-started-says-analyst\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-next-leg-higher-has-started-says-analyst\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/photo-41-c8ee93618c9a.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/photo-41-c8ee93618c9a.jpg?fit=900%2C599\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin halving\",\"bitcoin prediction\",\"btc\",\"btcusdt\",\"crypto\"],\"dateCreated\":\"2024-03-27T02:00:58Z\",\"datePublished\":\"2024-03-27T02:00:58Z\",\"dateModified\":\"2024-06-11T07:33:31Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/photo-41-c8ee93618c9a.jpg?fit=900%2C599","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/599875"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=599875"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/599875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/599876"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=599875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=599875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=599875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}