Over the past week, Bitcoin experienced heightened volatility, with prices swinging sharply between extremes. According to CoinMarketCap, Bitcoin fell below its $90,000 support level but repeatedly attracted strong buying interest around $85,000, establishing a volatile trading range between these two points. Despite a recent uptick, investor uncertainty remains high due to a broader correction trend that has been in place since early October.
Prominent market analyst Ted Pillows has highlighted historical data that may offer guidance in this fragile market. In a December 19 post on X, Pillows shared a technical analysis suggesting Bitcoin could see significant short-term gains. He notes that Bitcoin’s current setup resembles its pattern from 2021–2022, which could point toward a move to $100,000.
Pillows’ chart indicates Bitcoin is forming a head-and-shoulders pattern. The left shoulder formed after Bitcoin peaked at $110,000 in January 2025, followed by a rally to a new all-time high of $126,100 in October, creating the head. A similar pattern occurred in 2021–2022, with peaks at $63,600 (left shoulder) in April 2021, $69,100 (head) in November 2021, and $48,433 (right shoulder) in March 2022.
Currently, Bitcoin appears to be in the final corrective phase before forming the right shoulder, which Pillows expects to develop near $100,000—implying a potential 13.6% rise in the coming days. However, the head-and-shoulders pattern is typically bearish, and its completion could trigger a significant price drop, similar to the 2021–2022 cycle when Bitcoin lost half its value, falling to around $22,000. Pillows projects a possible 35% decline after reaching $100,000, with a bottom target near $65,000. This aligns with other cautious forecasts suggesting Bitcoin could fall to around $70,000, reflecting ongoing vulnerability to broader financial trends.
As of now, Bitcoin is trading at $88,168, up 3.16% in the past 24 hours. Daily trading volume has decreased by 14.81% to $44.83 billion. This week, investors moved over 11,000 BTC to exchanges, indicating increased selling interest amid recent price swings. Crypto analyst Ali Martinez reports that BTC exchange balances have risen from 2.753 million to 2.764 million BTC, accounting for 13.84% of the circulating supply.
Frequently Asked Questions
Frequently Asked Questions About Bitcoins Potential Rally to 100000
Beginner Questions
What does Bitcoin aims to reclaim 100000 mean
It means that some analysts and investors believe Bitcoins price could rise back to the 100000 level which it has approached but not solidly broken through before
Why are people comparing the current market to 20212022
They see similarities in market patterns like Bitcoins price action and investor sentiment to the period before its last major alltime high Some believe history might be repeating leading to another significant price surge
Is Bitcoin a good investment if it might hit 100000
Its a highrisk highpotentialreward asset While the 100000 target is a popular prediction Bitcoins price is extremely volatile You should only invest money you can afford to lose and consider it a speculative part of a diversified portfolio
How can I buy Bitcoin
You can buy Bitcoin on cryptocurrency exchanges using traditional money Youll need to create an account verify your identity and then you can place an order
Where should I store my Bitcoin safely
For small amounts a reputable exchange is okay For larger longterm holdings use a selfcustody walleteither a hardware wallet for maximum security or a trusted software wallet
Intermediate Market Questions
What specific pattern from 20212022 is repeating
Analysts often point to patterns like the halving cycle similar consolidation periods before big breakouts and comparable trends in onchain metrics and derivatives markets
Whats driving this potential rally
Key drivers include the approval of US Bitcoin ETFs the recent Bitcoin halving in April 2024 and growing mainstream adoption
What are the biggest risks that could prevent Bitcoin from reaching 100000
Major risks include a severe global economic recession unexpected harsh cryptocurrency regulations a major security breach in the crypto ecosystem or a sustained drop in investor demand and adoption
What does reclaim mean Has Bitcoin ever been at 100000
No Bitcoin has never traded