5 Bitcoin charts predicting BTC price rally toward $100K by May
Multiple technical, onchain and derivatives market indicators suggest a potential Bitcoin price rally toward $100,000 in the coming days.
Key Takeaways:
BTC liquidation levels, onchain data and chart setups converge at the $100K target.
Profitability has surged, suggesting a rebound in market confidence.
BTC breakout patterns point to $100K as a short-squeeze and euphoria magnet.
BTC $94,317 is flashing multiple technical and onchain signals suggesting that a rally to $100,000 is possible by May.
BTC double bottom hints at $100,600 target
BTC’s daily chart has formed a textbook double bottom, confirming a breakout above the neckline resistance at $87,643. The structure projects a measured move to $100,575 or above.
Momentum indicators like the relative strength index (RSI) support this thesis, staying in bullish territory with more room to expand. Meanwhile, the 50- and 200-day exponential moving averages (EMAs) have flipped into support, offering additional tailwinds.
Volume has remained steady post-breakout, showing that buyers are still in control. This setup creates a strong foundation for Bitcoin to push toward $100,600.
Bull pennant setup eyes six-figure BTC price
On the hourly timeframe, BTC consolidates inside a bull pennant following a sharp rally. This pattern indicates temporary indecision before the next leg higher. The target sits near $100,900.
The pennant formed after a steep rise, suggesting that BTC price is likely coiling before resuming its up move. Despite the low volume, the structure remains intact and is supported by strong EMA alignment.
Bitcoin’s falling wedge breakout targets $102,000
The three-day chart shows a completed falling wedge breakout, with the price breaking a key resistance zone near $94,000. The projected move targets $102,270.