After a quite optimistic begin to the brand new 12 months, Bitcoin costs might lastly be able to take off, as revealed by market analysts. Specialists imagine the flagship cryptocurrency might regain six-digit valuations within the coming weeks, particularly as key technical indicators are turning bullish.
Why BTC value might head in the direction of $105,000 in 3 weeks
In a Jan. 9 publish on social media platform The crypto analyst mentioned the world’s largest cryptocurrency by market capitalization might return to round $103,000 to $105,000 within the subsequent three to 4 weeks.
This optimistic forecast is predicated on adjustments within the Relative Power Index (RSI) on the Bitcoin weekly chart. The relative power index is a momentum indicator utilized in technical evaluation to evaluate the magnitude and pace of an asset’s value adjustments.
The RSI oscillator sometimes analyzes whether or not a crypto asset (on this case Bitcoin) is overbought or oversold, suggesting a attainable reversal in value or pattern. A Relative Power Index above 70 sometimes signifies overbought market situations and will increase the probability of a bearish reversal in asset costs. Alternatively, if the RSI worth falls under the 30 mark, it means the market is oversold and the worth might attain a backside.
BitBull revealed that Bitcoin’s weekly RSI has been in an prolonged decline over the previous three months and has simply damaged above the downtrend line. In line with market consultants, this technical indicator suggests additional will increase in Bitcoin value.
As seen within the chart above, the final time the weekly RSI broke out of its downtrend, Bitcoin value rose considerably. This breakout final occurred in April 2025, earlier than BTC rose to its present excessive of $126,080, representing an almost 50% bounce.
This time, Bitbull expects Bitcoin costs to rise between $103,000 and $105,000 over the subsequent three to 4 weeks. Attaining this purpose would signify roughly 15% upside from the present value level.
Bitcoin value overview
As of this writing, the worth of BTC is round $90,600, reflecting a drop of just about 1% over the previous 24 hours. Though main cryptocurrencies obtained off to a robust begin this 12 months, the market has cooled down since then.
Bitcoin value has been hovering largely round $90,000, and has solely exceeded $91,000 a couple of instances over the previous week. In line with TradingView knowledge, BTC value is up 3% to this point in 2026.
Featured picture from iStock, chart from TradingView
