After a rather optimistic start to the new year, Bitcoin prices may finally be ready to take off, as revealed by market analysts. Experts believe the flagship cryptocurrency could regain six-digit valuations in the coming weeks, especially as key technical indicators are turning bullish.
Why BTC price could head towards $105,000 in 3 weeks
In a Jan. 9 post on social media platform The crypto analyst said the world's largest cryptocurrency by market capitalization could return to around $103,000 to $105,000 in the next three to four weeks.
This optimistic forecast is based on changes in the Relative Strength Index (RSI) on the Bitcoin weekly chart. The relative strength index is a momentum indicator used in technical analysis to assess the magnitude and speed of an asset's price changes.
The RSI oscillator typically analyzes whether a crypto asset (in this case Bitcoin) is overbought or oversold, suggesting a possible reversal in price or trend. A Relative Strength Index above 70 typically indicates overbought market conditions and increases the likelihood of a bearish reversal in asset prices. On the other hand, if the RSI value falls below the 30 mark, it means the market is oversold and the price may reach a bottom.
BitBull revealed that Bitcoin’s weekly RSI has been in an extended decline over the past three months and has just broken above the downtrend line. According to market experts, this technical indicator suggests further increases in Bitcoin price.
As seen in the chart above, the last time the weekly RSI broke out of its downtrend, Bitcoin price rose significantly. This breakout last occurred in April 2025, before BTC rose to its current high of $126,080, representing a nearly 50% jump.
This time, Bitbull expects Bitcoin prices to rise between $103,000 and $105,000 over the next three to four weeks. Achieving this goal would represent approximately 15% upside from the current price point.
Bitcoin price overview
As of this writing, the price of BTC is around $90,600, reflecting a drop of almost 1% over the past 24 hours. Although major cryptocurrencies got off to a strong start this year, the market has cooled down since then.
Bitcoin price has been hovering mostly around $90,000, and has only exceeded $91,000 a few times over the past week. According to TradingView data, BTC price is up 3% so far in 2026.
Featured image from iStock, chart from TradingView
