Bitcoin’s bullish momentum continues, with technical indicators and patterns suggesting a strong move toward $100K in the near future.
The fourth low setup, combined with RSI and OBV confirmation, signals an imminent Bitcoin breakout with potential for 10%+ gains.
Bitcoin's consolidation near $94K aligns with previous breakout cycles, reinforcing the possibility of a significant upward move toward $100K.
Bitcoin's momentum builds as market sentiment shifts sharply bullish. Doctor Profit recently emphasized that BTC may never drop below $100K again after this cycle. He pointed out that only a few truly grasp the current bullish setup. This bold call aligns with ongoing signals suggesting another major leg up is imminent. Bitcoin's recent price action supports this view with technical patterns signaling continuation.
Besides this, analyst Javon Marks shared an in-depth analysis highlighting Bitcoin’s recurring bullish structure. The data shows a series of higher lows, each sparking a sharp rebound. These formations repeat in cycles, with the fourth low acting as the launchpad for breakouts. Bitcoin currently forms another fourth low, hinting at a new surge ahead.
RSI and OBV Confirm Bullish Momentum
Additionally, technical indicators offer solid confirmation of the bullish narrative. The RSI shows a descending channel but maintains strong higher lows. Each RSI low corresponds with price rebounds, forming bullish divergence. This pattern has played out multiple times in the past.
Source: Javon Marks
Moreover, the OBV indicator confirms steady volume accumulation throughout recent dips. This reflects growing investor interest during pullbacks. Volume has remained consistent during rebounds, reinforcing the bullish outlook. The pattern mirrors previous breakout cycles, strengthening the case for continued upward movement.
Consolidation Precedes Breakout
Currently, Bitcoin trades near $94,000 in a consolidation phase. However, the setup strongly mirrors previous pre-breakout conditions. A curved arrow on the chart suggests another upward move could follow soon. The fourth low pattern remains consistent and has historically triggered 10%+ gains.
Furthermore, price, RSI, and OBV all align once again, replicating the structure that led to earlier breakouts. The red projection arrow at the top right signals this setup may lead BTC past $100K. Hence, traders closely monitoring this pattern see strong similarities to earlier explosive rallies. Bitcoin holds key support as volume and momentum build. The repeated pattern across timeframes indicates structural consistency. Consequently, if this trend holds, the next leg up could be substantial.
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