After a fairly optimistic start to the new year, the Bitcoin price could finally be ready to take off, according to one market analyst. The expert believes that the flagship cryptocurrency can regain its six-figure valuation in the coming weeks, especially now that a key technical indicator has turned bullish.
Why BTC Price Could Rise to $105,000 in Three Weeks
In a Jan. 9 post on the social media platform X, pseudonymous crypto expert Bitbull shared positive outlook for the Bitcoin price in the coming weeks. According to the crypto analyst, the world’s largest cryptocurrency by market cap could return to around $103,000 to $105,000 in the next three to four weeks.
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This optimistic forecast is based on changes in the Relative Strength Index (RSI) on the weekly Bitcoin 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 price or trend reversal. When the relative strength index crosses above 70, it generally indicates an overbought market situation, where the asset’s price is likely to witness a bearish reversal. On the other hand, an RSI value below 30 means the market is oversold, potentially causing the price to bottom out.
BitBull revealed that Bitcoin’s weekly RSI has been on a prolonged decline over the past three months and has only just broken above the downtrend line. According to the market expert, the technical indicator points to a further increase in the Bitcoin price.
As seen in the chart above, Bitcoin’s price had a significant rally the last time the weekly RSI broke out of a downtrend. This breakout last occurred in April 2025, prior to BTC’s rally to its current all-time high of $126,080, representing an increase of almost 50%.
This time, BitBull expects the Bitcoin price to rise to between $103,000 and $105,000 over the next three to four weeks. Achieving this target would represent a roughly 15% rally from the current price point.
Bitcoin price overview
At the time of writing, the price of BTC is around $90,600, reflecting a drop of almost 1% in the past 24 hours. While the leading cryptocurrency made a strong start to the year, the market has since cooled.
Bitcoin price has largely hovered around $90,000, with only a few runs above $91,000 in the past week. According to data from TradingView, the BTC price has risen 3% so far in 2026.
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Featured image from iStock, chart from TradingView