Bitcoin is trading today at $90,733.75, down 0.85% over the past 24 hours, with a whopping $53.3 billion in trading volume. As the world’s largest digital currency, Bitcoin maintains a market capitalization above $1.81 trillion, with a circulating supply of 19.95 million BTC.
With only about 1 million coins left before the maximum supply is reached, a recurring question arises with every major market downturn: Is this the final floor before the next push toward $100,000?
Bitcoin Price Tests Key Levels Every Week
The weekly Bitcoin price chart shows the market attempting to stabilize after a 3-week decline, as the price rebounded from the 0.236 Fibonacci retracement level at $91,651, creating a candle with a long lower shadow, an early indicator of easing selling pressure.
Bitcoin price continues to adhere to the long-term uptrend line that has guided the market since early 2023, maintaining the general trend of gradual upwards from the lows.
However, Bitcoin price remains below the 20-week exponential moving average (20-week EMA) at $105,528, a level that often makes the difference between a short-term recovery and a confirmed continuation of the uptrend. The current structure indicates the formation of a falling wedge, a pattern that often precedes larger bullish reversals once its upper boundary is breached.
Bitcoin Price Forecast: Relative Strength Index (RSI) Reading Indicating Oversold With Path Towards $100,000
Bitcoin price predictions are expected to trend higher, as the weekly Relative Strength Index (RSI) currently sits at 39 in the oversold zone, an area historically associated with long-term consolidation phases. If price can defend the $91,000-$92,000 range, it will head towards the $98,279 level, where previous support meets the 0.382 Fibonacci retracement level.
A breakout of this range will confirm a change in trend strength, allowing Bitcoin price to approach the $103,574 level and the 20-week EMA at $105,528.
Bullish momentum could accelerate above this level, as technical patterns and wedge breakout expectations indicate that the price could target $108,845, with the possibility of reaching a wider range between $115,000 and $126,000 if buyers regain strong control.
Main indicators of an upward trend:
- $98,279: Momentum turning zone
- $103,574: first technical advance
- $105,528: Retest of 20-week EMA
- $108,845 and above: uptrend continuation zone
Bitcoin Price Prediction: Has the Price Reached its Low?
A constructive buying pattern forms at the weekly close above $98,279 with a risk level at $91,000. This trajectory could push the Bitcoin price towards $103,000, then $108,000 and finally $115,000, especially if public sentiment improves in early 2026.
As for IPO participants and long-term investors, the current oversold structure could represent the first step in the next major Bitcoin price expansion cycle, paving the way for another attempt to reach $100,000.
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Post-Bitcoin (BTC) Price Forecast: The weekly Relative Strength Index (RSI) indicates an oversold condition, so are we seeing the final low before reaching $100,000? appeared first on Cryptonews Arabic.
