After a reasonably optimistic begin to the brand new yr, the Bitcoin value would possibly lastly be able to take off, as revealed by a market analyst. The pundit believes that the flagship cryptocurrency can reclaim its six-figure valuation over the following few weeks, significantly as a key technical indicator has turned bullish.
Why BTC Value May Be Headed For $105,000 In Three Weeks
In a January 9 submit on the social media platform X, pseudonymous crypto pundit Bitbull shared a optimistic outlook for the Bitcoin value within the coming weeks. In response to the crypto analyst, the world’s largest cryptocurrency by market capitalization might return to round $103,000 and $105,000 within the subsequent three to 4 weeks.
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This optimistic prediction relies 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 (Bitcoin, on this case) is being overbought or oversold, suggesting a doable value or pattern reversal. When the relative power index rises above 70, it often suggests an overbought market situation, with the asset’s value more likely to witness a bearish reversal. However, an RSI worth beneath the 30 mark implies that the market is oversold, with the worth doubtlessly reaching a backside.
BitBull revealed that the Bitcoin weekly RSI has been in an prolonged decline previously three months and has solely simply damaged above the downward pattern line. In response to the market pundit, the technical indicator is signaling additional upside for the Bitcoin value.
As noticed within the chart above, the worth of Bitcoin went on a big rally the final time the weekly RSI broke out of a downward pattern. This breakout final occurred in April 2025, previous BTC’s rally to its present all-time excessive of $126,080, representing an nearly 50% surge.
This time round, BitBull expects the Bitcoin value to rise to between $103,000 and $105,000 in the middle of the following three to 4 weeks. Hitting this goal would symbolize an roughly 15% rally from the present value level.
Bitcoin Value Overview
As of this writing, the worth of BTC sits round $90,600, reflecting an nearly 1% decline previously 24 hours. Whereas the premier cryptocurrency made a robust begin to the yr, the market has since cooled down.
The Bitcoin value has been principally hovering across the $90,000 mark, with just a few runs above $91,000 previously week. In response to knowledge from TradingView, the BTC value is up by 3% thus far in 2026.
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Featured picture from iStock, chart from TradingView
