Source: Blockonomi News Agency
3 weeks ago•
Cryptocurrency Medium Importance AI Analyzed
Bitcoin (BTC) Price Targets $100K as Double Bottom Formation Takes Shape

Bitcoin (BTC) Price Targets $100K as Double Bottom Formation Takes Shape

Bitcoin climbed to $87,392 during the week, achieving its peak price point since the final days of January. The digital asset subsequently retraced into a heavily accumulated zone spanning $85,000 to $86,500.
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BTCUSD: cautiously bullish, but confirmation-dependent. The article’s constructive case rests on a rebound holding the $85,000–$86,500 area, alongside reported spot-ETF inflows and corporate buying. If those flows persist, they may provide demand and improve the odds of a push through the reported $87,000–$88,000 resistance and then $90,000. The $100,000 figure is a chart-based projection—not a guaranteed destination.

The setup is vulnerable to a reversal: the article flags declining volume and rising leverage, which could leave the rally exposed to a long-position flush. A sustained break below the $85,000–$86,500 demand zone would weaken the near-term case; failure to hold the cited $82,500 threshold would further undermine the double-bottom interpretation. Watch ETF flows, volume and leverage, and whether BTC can clear resistance without renewed speculative excess.

Source: Blockonomi
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