In the latest video by Crypto Jebb, he dives deep into the recent and dramatic movements in the Bitcoin market. The CoinSpeech team has collected the most important takeaways from his recent appearance. You can find Crypto Jebb’s new video below.
Bitcoin’s Explosive Rally
“The Bitcoin Market has rallied over $4,000 in the last 72 hours,” starting a wave of speculation around Bitcoin’s future. This surge aligns with other financial markets, like the United States stock market, which is pushing towards a new all-time high.
Seemingly Random Cryptocurrency Surges
Crypto Jebb highlights how different cryptocurrencies have been “popping off by over 10% over the last week.” He compares the situation to “a bag of popcorn” in the microwave, where serious heat builds up causing multiple pops. Binance, in particular, has seen a massive rally, breaking through its previous all-time high.
Binance Leading the Way
With an astounding 177% increase in the last 7 days, Binance is currently setting the trend. It has “broken out of its symmetrical triangle pattern,” which has “led to a rally into the take-profit zone on the Lux Algo Buy Signal.” According to Jebb, this breakout suggests Binance could continue rising towards the $11,000 price target.
Bitcoin’s Candlestick Patterns
Jebb explains Bitcoin’s recent performance through what’s called a “Three White Soldiers Candlestick formation,” which indicates a bullish trend. This is important because it shows Bitcoin might “be on its way to Breaking bullish out of its symmetrical triangle pattern,” potentially leading up to $83,000.
Historical MacD Signal Alignments
Analyses show that Bitcoin’s MacD has crossed bullish in a highly significant way. “The last time that we saw Bitcoin cross bullish on the MacD above the zero level of the histogram,” it led to a substantial rally of approximately $155,000. Jebb believes we might see a similar play again, forecasting a potential Bitcoin rally up to $90,000.
Correlation with U.S. Stock Market
The rally in the U.S. stock market is another driving factor. “The United States stock market is normally the driver of the Bitcoin Market,” argues Jebb. With new highs in the S&P 500, Jebb posits we can expect Bitcoin to follow suit.
Strategies for Traders and Investors
For traders, Jebb advises, “get ready because a big breakout is probably coming soon.” Investors are encouraged to continue their strategies, including dollar-cost averaging, staying out of debt, and maintaining a solid investment plan to achieve Financial Sovereignty.