Bitcoin (BTC) can hit $105,000 inside weeks as a traditional main indicator stays bullish, says the most recent market evaluation.
Key factors:
Bitcoin is having fun with bullish RSI indicators on a number of timeframes as worth motion consolidates.
A weekly RSI breakout occurred in December and continues to carry.
Considerations about BTC worth energy stay as merchants nonetheless see new lows to return.
RSI provides $105,000 BTC worth goal
In an X publish on Thursday, dealer BitBull famous an ongoing breakout on Bitcoin’s weekly relative energy index (RSI).
Whereas BTC worth motion stays rangebound, an essential RSI pattern shift has the truth is already been in play since December.
A downtrend on the indicator, which measures how “overbought” or “oversold” BTC/USD is at a given degree, started in September, with worth breaking via it earlier than the 2025 yearly candle shut.
“$BTC weekly RSI is looking for extra upside right here. Broke out of its 3-month downtrend and holding above the breakout line,” BitBull stated.
An accompanying chart in contrast the most recent breakout with one from earlier final yr, which resulted in a number of months of BTC worth features after April’s native lows of $75,000.
“I believe BTC might hit $103K-$105K in 3-4 weeks,” he added.
This week, James Easton, host of crypto buying and selling podcast DeCRYPTion, had excellent news about RSI on a two-week chart.
The indicator, he famous, is now at decrease ranges than throughout the pit of Bitcoin’s final full bear market in late 2022.
“It has additionally simply flipped bullish. Strap in,” he advised X followers.
On decrease timeframes, RSI indicators additionally seem encouraging, per information from TradingView.
The four-hour chart confirmed a possible hidden bullish divergence, the place decrease lows for RSI distinction with greater lows for worth itself.
This has the implication of weakening sell-side strain as Bitcoin makes an attempt to cement $90,000 as a help zone.
“Clear US purchaser” battles Bitcoin promote strain
As Cointelegraph reported, merchants nonetheless count on decrease ranges to emerge because the market makes an attempt to discover a long-term help base.
Associated: Bitcoin ‘not going’ to make new all-time excessive in 2026, new analysis says
Among the many extra bearish takes is a name for the worth to revisit its April lows round $75,000. A visit beneath the 2026 yearly open can also be within the playing cards.
If we can not fill the resistance to help quickly on $BTC I believe a sweep of those lows comes subsequent pic.twitter.com/nHpBzdtF00
— Johnny (@CryptoGodJohn) January 9, 2026
Analyzing alternate order-book conduct on the day, dealer Skew flagged a passive vendor energetic at $91,500, conserving worth suppressed.
“They’re quoting round 60 – 100 BTC every time so probably not that important but it surely possible tells me the purchase strain throughout US session was associated to a transparent US purchaser,” he concluded.
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