Will $BTC gain 10% by next week?

$BTC has shown a steady consolidation and expansion trend since forming a bottom around $74,500 in early April. Over the past four weeks, a pattern has emerged where each time Bitcoin hits a key level, it moves sideways before breaking out to a higher range. This pattern has repeated twice, with a third consolidation currently underway.

Each phase has followed a similar setup, forming higher upper and lower ranges. The bottom range is typically tested at least once before Bitcoin pushes to new highs. The relative strength index (RSI) has complemented this price action, reaching overbought levels during new highs and dropping to around 50 during sideways movement.

Currently, Bitcoin is consolidating between an upper range of $105,700 and a lower range of $100,678. If the pattern holds, Bitcoin might retest the $100,000-$102,000 level before potentially breaking above $110,000. However, a bearish invalidation could occur if prices fall below $102,000 and fail to recover swiftly.