Bitcoin Eyes To Reclaim $100,000 As 2022-2021 Market Setup Reappears – Details
Over the final week, volatility ranges surged within the Bitcoin market as costs exhibited sharp actions on the two extremes. Data from CoinMarketCap confirmed the main cryptocurrency misplaced its assist round $90,000 however repeatedly discovered robust shopping for curiosity close to $85,000, successfully making a risky worth vary between each ranges. Despite an uptick within the final day, traders’ uncertainty stays at its peak stage contemplating a broader correction development that has continued since early October. Prominent market analyst Ted Pillows has recognized some historic knowledge that might information in navigating this fragile market.
Bitcoin To $100,000?
In an X post on December 19, Pillows shares a technical evaluation of Bitcoin’s worth construction, projecting some important market positive factors within the short-term. According to the market knowledgeable, Bitcoin is presently mirroring a 2021-2022 market setup, which suggests the asset could also be headed for the $100,000 mark. In the chart under, Pillows’ annotations recommend that Bitcoin is forming a head-and-shoulders sample. The left shoulder emerged after Bitcoin peaked at $110,000 in January 2025, adopted by a rally to a brand new all-time high of $126,100 in October, which fashioned the top.
Notably, an analogous sample was noticed in 2021-2022, when costs reached $63,600 (left shoulder) in April 2021, $69,100 (head) in November 2021, and $48,433 (proper shoulder) in March 2022 . Currently, Bitcoin seems to be within the remaining corrective section forward of the right-shoulder formation, which Pillows expects to develop close to the $100,000 stage, implying a possible 13.6% upside within the coming days.
However, the head-and-shoulders is a bearish chart sample, indicating that completion might provoke a cascading worth fall that was equally seen within the 2021—2022 cycle. During this time, Bitcoin’s worth dropped by half, buying and selling as little as $22,000. However, Pillows’ projections are that Bitcoin might drop by round 35% after touching the $100,000, indicating a possible backside worth goal of $65,000. Interestingly, this aligns with different cautious predictions that recommend Bitcoin stays extremely susceptible to future monetary traits and is prone to fall to round $70,000.
Bitcoin Market Overview
At the time of writing, Bitcoin was buying and selling at $88,168, reflecting a 3.16% achieve prior to now 24 hours. Meanwhile, the day by day buying and selling quantity is down by 14.81% and valued at $44.83 billion.
Meanwhile, traders transferred over 11,000 BTC to exchanges this week, signaling a major promoting intent amid current worth swings. Crypto analyst Ali Martinez reports that the BTC change steadiness has now moved from 2.753 million BTC to 2.764 million BTC, representing 13.84% of all circulating provide.
