After a reasonably optimistic begin to the brand new yr, the Bitcoin worth may 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 subsequent few weeks, significantly as a key technical indicator has turned bullish.
Why BTC Worth Might 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 constructive outlook for the Bitcoin worth within the coming weeks. In keeping with 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 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 velocity of an asset’s worth adjustments.
The RSI oscillator sometimes analyzes whether or not a crypto asset (Bitcoin, on this case) is being overbought or oversold, suggesting a doable worth or development reversal. When the relative power index rises above 70, it often suggests an overbought market situation, with the asset’s worth prone to witness a bearish reversal. However, an RSI worth under the 30 mark signifies that the market is oversold, with the value 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 development line. In keeping with the market pundit, the technical indicator is signaling additional upside for the Bitcoin worth.
As noticed within the chart above, the value of Bitcoin went on a major rally the final time the weekly RSI broke out of a downward development. 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 worth to rise to between $103,000 and $105,000 in the midst of the subsequent three to 4 weeks. Hitting this goal would symbolize an roughly 15% rally from the present worth level.
Bitcoin Worth Overview
As of this writing, the value 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 worth has been principally hovering across the $90,000 mark, with just a few runs above $91,000 previously week. In keeping with information from TradingView, the BTC worth is up by 3% to date in 2026.
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Featured picture from iStock, chart from TradingView
