After a reasonably optimistic begin to the brand new 12 months, the Bitcoin worth 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 Worth May Be Headed For $105,000 In Three Weeks
In a January 9 publish on the social media platform X, pseudonymous crypto pundit Bitbull shared a constructive outlook for the Bitcoin worth within the coming weeks. In line 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.
This optimistic prediction relies on modifications 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 worth modifications.
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 pattern 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. Alternatively, 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 line with the market pundit, the technical indicator is signaling additional upside for the Bitcoin worth.
As noticed within the chart above, the worth of Bitcoin went on a major 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 worth to rise to between $103,000 and $105,000 in the midst of the following 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 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 12 months, the market has since cooled down.
The Bitcoin worth has been largely hovering across the $90,000 mark, with only some runs above $91,000 previously week. In line with knowledge from TradingView, the BTC worth is up by 3% up to now in 2026.
Featured picture from iStock, chart from TradingView
