Bitcoin (BTC) can strike $105,000 within weeks as a timeless leading sign remains bullish, states the current market analysis.
Bottom line:
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Bitcoin is delighting in bullish RSI signals on several timeframes as cost action combines.
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A weekly RSI breakout took place in December and continues to hold.
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Issues about BTC cost strength stay as traders still see brand-new lows to come.
RSI uses $105,000 BTC cost target
In an X post on Thursday, trader BitBull kept in mind a continuous breakout on Bitcoin’s weekly relative strength index (RSI).
While BTC cost action remains rangebound, a crucial RSI pattern shift has in reality currently remained in play given that December.
A sag on the sign, which determines how “overbought” or “oversold” BTC/USD is at a provided level, started in September, with cost breaking through it before the 2025 annual candle light close.
“$ BTC weekly RSI is requiring more upside here. Broke out of its 3-month drop and holding above the breakout line,” BitBull commented.
An accompanying chart compared the current breakout with one from earlier in 2015, which led to a number of months of BTC cost gains after April’s regional lows of $75,000.
” I believe BTC might strike $103K-$ 105K in 3-4 weeks,” he included.
Today, James Easton, host of crypto trading podcast DeCRYPTion, had great news about RSI on the two-week chart.
The sign, he kept in mind, is now at lower levels than throughout the pit of Bitcoin’s last complete bearishness in late 2022.
” It has likewise simply turned bullish. Strap in,” he informed X fans.
On lower timeframes, RSI signals likewise appear motivating, per information from TradingView.
The four-hour chart revealed a possible concealed bullish divergence, where lower lows for RSI contrast with greater lows for cost itself.
This has the ramification of compromising sell-side pressure as Bitcoin tries to seal $90,000 as an assistance zone.
” Clear United States purchaser” fights Bitcoin offer pressure
As Cointelegraph reported, traders still anticipate lower levels to become the marketplace tries to discover a long-lasting assistance base.
Related: Bitcoin ‘not most likely’ to make brand-new all-time high in 2026, brand-new research study states
Amongst the more bearish takes is a require the cost to review its April lows around $75,000. A journey listed below the 2026 annual open is likewise on the cards.
If we can not fill the resistance to support quickly on $BTC I believe a sweep of these lows follows pic.twitter.com/nHpBzdtF00
— Johnny (@CryptoGodJohn) January 9, 2026
Evaluating exchange order-book habits on the day, trader Alter flagged a passive seller active at $91,500, keeping cost reduced.
” They’re pricing estimate around 60 – 100 BTC each time so not actually that substantial however it likely informs me the buy pressure throughout United States session was associated with a clear United States purchaser,” he concluded.
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