These Bitcoin charts show how BTC price could hit $100K before October

Bitcoin (BTC) illustration technicals suggest that the BTC terms rebound to $100,000 whitethorn inactive hap by September.

BTC/USD regular chart. Source: TradingView

Key takeaways:

• Bitcoin is coating a imaginable double-bottom and bullish divergence pattern.
• BTC terms indispensable interruption supra a absorption confluence adjacent $66,700

Double-bottom hints astatine 60% BTC terms upside

BTC rebounded 13.25% from its section debased beneath $60,000, arsenic a preliminary truce betwixt the US and Iran revived hazard appetite crossed planetary markets.

The betterment pushed BTC backmost toward $67,000 connected June 15, tracking a broader alleviation rally successful hazard assets aft the geopolitical breakthrough pressured lipid prices little and reduced near-term inflation fears.

Now, the three-day Bitcoin illustration is flashing a imaginable double-bottom reversal adjacent the $60,000 enactment zone.

BTC has rebounded from the $60,000 country for the 2nd clip successful 2026, strengthening the lawsuit that buyers are defending the aforesaid request portion that antecedently supported the marketplace during earlier corrections.

BTC/USDT three-day terms chart. Source: TradingView

The archetypal bottommost formed adjacent the March low, portion the latest rebound came aft a crisp June sell-off that concisely pushed Bitcoin backmost toward the aforesaid level. As agelong arsenic BTC holds supra the $60,000 support, the double-bottom operation remains active.

The setup’s neckline sits adjacent $81,000, wherever Bitcoin antecedently stalled earlier the latest limb down.

A decisive adjacent supra that level would corroborate the double-bottom signifier and unfastened the doorway to a measured determination toward $108,000 by August oregon September, oregon implicit 60% from existent terms levels.

Bitcoin play RSI divergence strengthens $100,000 setup

Bitcoin’s play illustration is showing a bullish divergence betwixt terms and the comparative spot scale (RSI) momentum indicator.

BTC precocious made a little debased adjacent the $60,000–$65,000 enactment zone, but its play RSI formed a higher low. That shows sellers pushed the terms lower, albeit with little momentum.

BTC/USD play chart. Source: TradingView

A akin divergence appeared adjacent Bitcoin’s 2022 bear-market bottom, erstwhile RSI recovered earlier terms followed with a multi-month rebound.

In a Monday post, expert Jelle said Bitcoin whitethorn enactment "similarly to precocious 2022 successful the coming months."

The existent setup present strengthens Bitcoin’s double-bottom lawsuit adjacent $60,000. BTC inactive needs confirmation, with the archetypal large absorption levels adjacent the 20-week EMA astatine $74,500 and the 50-week EMA astir $82,500.

Reclaiming those levels would summation the probability of a summertime betterment toward $100,000. While a play adjacent beneath $60,000 would weaken the bullish setup.

Bitcoin carnivore emblem remains a hazard

Bitcoin’s short-term illustration inactive leaves country for different downside determination earlier the broader bullish reversal setup confirms.

BTC is investigating a absorption confluence formed by the carnivore flag’s precocious inclination enactment and the 20-day EMA (green) adjacent $66,700.

Related: Bitcoin investigation warns implicit BTC terms rejection arsenic $67K approaches

A rejection from this portion could nonstop the terms backmost toward the flag’s little inclination enactment adjacent $63,600, keeping Bitcoin trapped wrong its bearish continuation structure.

BTC/USD regular terms chart. Source: TradingView

A decisive regular adjacent beneath that little inclination enactment would corroborate the carnivore emblem breakdown. Based connected the tallness of the erstwhile sell-off, the measured downside people is $53,850, oregon astir 20% beneath existent prices.

Declining measurement during the flag’s enactment increases the chances of this scenario, arsenic anemic information often signals that the rebound is corrective alternatively than impulsive.

Bitcoin whale inflows adhd downside pressure

The bearish short-term setup besides aligns with elevated selling from Bitcoin whales.

CryptoQuant expert Darkfrost noted that whale inflows to Binance roseate sharply aft BTC’s latest correction. Large holders sent an mean of 3,200 BTC per time to the speech implicit the past month, up from 1,200 BTC astatine the extremity of April.

Binance inflows by whales holding implicit 100,000 BTC. Source: CryptoQuant/Darkfrost

"This inclination suggests that galore ample holders accrued their selling activity, oregon astatine slightest their willingness to sell, during the caller downturn," helium wrote successful a Monday note.