Following a promising beginning to the year, Bitcoin’s price appears poised for a significant surge, according to insights from a market analyst. This expert suggests that the leading cryptocurrency could regain its six-figure status within the next few weeks, especially as an important technical indicator has shifted towards a bullish trend.
Potential for BTC Price to Reach $105,000 in Three Weeks
In a post dated January 9 on social media platform X, the anonymous crypto analyst known as Bitbull expressed an optimistic forecast regarding Bitcoin’s price trajectory in the near future. The analyst believes that Bitcoin—the largest cryptocurrency by market cap—could rebound to between $103,000 and $105,000 over the next three to four weeks.
This positive outlook is grounded in recent shifts observed in the Relative Strength Index (RSI) on Bitcoin’s weekly chart. The RSI serves as a momentum gauge utilized in technical analysis to evaluate both the intensity and pace of price fluctuations for an asset.
The RSI typically assesses whether an asset like Bitcoin is overbought or oversold; this can indicate potential reversals in price trends. A reading above 70 generally signifies that an asset may be overbought and could face downward pressure. Conversely, when it falls below 30, it indicates oversold conditions where prices might be nearing their lowest point.
BitBull noted that after three months of continuous decline, Bitcoin’s weekly RSI has recently surpassed its downward trend line. According to this market expert’s analysis, this technical signal points toward further upward movement for Bitcoin’s value.
The accompanying chart illustrates how last time there was such a breakout from declining RSI levels—back in April 2025—Bitcoin experienced substantial growth leading up to its all-time high of $126,080—a nearly 50% increase at that time.
This time around BitBull anticipates that within three or four weeks’ time frame; we could see BTC reaching between $103K and $105K—a rise approximating 15% from current values.
An Overview of Current Bitcoin Pricing
At present writing this article finds BTC priced around $90,600 which reflects nearly a one percent drop over just twenty-four hours. Despite starting strong earlier this year; overall market activity seems somewhat subdued now.
The value of Bitcoin has largely remained close to about $90K with only brief instances exceeding beyond$91K during recent days according data sourced from TradingView indicating BTC has appreciated roughly by three percent since early into twenty-sixteen .
Featured image from iStock; chart sourced via TradingView