Analyst Sets $105K As Next Bitcoin Price Target — Here’s The Timeline

A market analyst believes that the Bitcoin price is ready to take off and reclaim its six-figure valuation over the next few weeks. The analyst, known as Bitbull, shared a positive outlook for the Bitcoin price in a post on the social media platform X. According to Bitbull, the world's largest cryptocurrency by market capitalization could return to around $103,000 and $105,000 in the next three to four weeks. This prediction is based on changes in the Relative Strength Index (RSI) on the Bitcoin weekly chart, which is a momentum indicator used in technical analysis. The RSI oscillator analyzes whether a crypto asset is being overbought or oversold, suggesting a possible price or trend reversal. The Bitcoin weekly RSI has been in an extended decline in the past three months and has only just broken above the downward trend line, signaling further upside for the Bitcoin price. The last time the weekly RSI broke out of a downward trend was in April 2025, preceding a significant rally to its current all-time high of $126,080. Bitbull expects the Bitcoin price to rise to between $103,000 and $105,000 in the course of the next three to four weeks, representing an approximately 15% rally from the current price point. The current price of BTC sits around $90,600, reflecting an almost 1% decline in the past 24 hours, and is up by 3% so far in 2026. The Bitcoin price has been mostly hovering around the $90,000 mark, with only a few runs above $91,000 in the past week, but the analyst's prediction suggests a potential breakout in the near future.