After a fairly optimistic begin to the brand new 12 months, Bitcoin costs might lastly be able to take off, as revealed by market analysts. Specialists consider the flagship cryptocurrency may regain six-digit valuations within the coming weeks, particularly as key technical indicators are turning bullish.
Why BTC value may 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 may 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 energy index is a momentum indicator utilized in technical evaluation to evaluate the magnitude and velocity of an asset's value adjustments.
The RSI oscillator usually analyzes whether or not a crypto asset (on this case Bitcoin) is overbought or oversold, suggesting a doable reversal in value or development. A Relative Power Index above 70 usually signifies overbought market situations and will increase the chance of a bearish reversal in asset costs. However, if the RSI worth falls beneath the 30 mark, it means the market is oversold and the value might attain the underside.
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 accordance 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 symbolize roughly 15% upside from the present value level.
Bitcoin value overview
As of this writing, the value of BTC is round $90,600, reflecting a drop of virtually 1% over the previous 24 hours. Though main cryptocurrencies bought off to a robust begin this 12 months, the market has cooled down since then.
Bitcoin value has been hovering principally round $90,000, and has solely exceeded $91,000 a number of instances over the previous week. In accordance with TradingView information, BTC value is up 3% thus far in 2026.
Featured picture from iStock, chart from TradingView
