Bitcoin could reach $100K if it clears two resistance levels
Charts show a double-bottom near $60,000 and a weekly RSI bullish divergence; clearing roughly $66,700 and the $81,000 neckline could open a path to $100,000 by September.
Bitcoin price charts show patterns that could allow a rise to $100,000 by September if two key resistance levels are cleared. The charts show a potential double-bottom near $60,000 and a bullish divergence on the weekly relative strength index after a rebound from below $60,000.
On multi-day charts Bitcoin tested the $60,000 support zone twice in 2026. Market participants identify a neckline near $81,000; a decisive close above that level would complete the double-bottom pattern and project a measured move to about $108,000 by August or September, roughly 60% above recent prices.
The weekly chart records price making a lower low while the weekly RSI formed a higher low, a divergence that accompanied a multi-month rebound in 2022. Analyst Jelle wrote that Bitcoin may act “similarly to late 2022 in the coming months.”
Short-term resistance sits near $66,700, where the bear-flag upper trend line meets the 20-day exponential moving average. A rejection there could push the price back toward the flag’s lower trend line near $63,600. A daily close below that lower line would calculate a measured downside target near $53,850, about 20% below current levels.
Volume has declined during the flag’s formation. Technical analysts note that falling participation can indicate a rebound is corrective rather than an impulsive trend change.
Longer-term moving averages also factor into the outlook. The 20-week EMA is near $74,500 and the 50-week EMA sits around $82,500; reclaiming and holding those levels is a condition cited for a sustained recovery toward $100,000. A weekly close below $60,000 would weaken the double-bottom setup.
On-chain data shows large-holder activity that could affect selling pressure. CryptoQuant analyst Darkfrost noted whale inflows to Binance averaged about 3,200 BTC per day over the past month, up from roughly 1,200 BTC per day at the end of April. Darkfrost wrote that the flows reflect increased selling activity or a greater willingness to sell by large holders.
Market participants are watching price action near $66,700 and $81,000 for confirmation or failure of the chart patterns. Clearing both levels would align multiple technical signals; failure at either could keep the bear-flag structure intact or expose lower targets.
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