Analyst Predicts Bitcoin Price Could Reach $105K — Here’s What to Expect

Bitcoin price

As the new year began on an optimistic note, market analysts are suggesting that Bitcoin's price might be poised for significant gains. One expert predicts that Bitcoin, the leading cryptocurrency by market capitalization, could reclaim its six-figure status within weeks due to promising changes in market indicators.

Potential for Bitcoin to Reach $105,000 in Three Weeks

In a post on January 9 on the social media platform X, the analyst known as Bitbull expressed a bullish outlook for Bitcoin's price in the near future. The prediction suggests that Bitcoin could bounce back to between $103,000 and $105,000 in the next three to four weeks.

This forecast is rooted in recent movements of the Relative Strength Index (RSI) on Bitcoin's weekly chart. The RSI is a momentum indicator utilized in technical analysis to evaluate the speed and magnitude of price changes for an asset.

Typically, the RSI indicates whether an asset, like Bitcoin, is overbought or oversold, which could imply an upcoming price trend reversal. An RSI reading above 70 often points to an overbought situation, suggesting that a bearish reversal might follow. Conversely, an RSI value below 30 indicates an oversold market, hinting at a potential price floor.

Bitbull highlighted that Bitcoin's weekly RSI has undergone a prolonged decline over the past three months and has now just surpassed a downward trend line. This development suggests that, according to the analyst, the technical indicator is signaling room for further price increases.

Bitcoin price

Source: @AkaBull_ on X

The chart above illustrates that Bitcoin experienced a notable rally the last time the weekly RSI broke from a downward trend. This breakout happened in April 2025, leading to a surge in Bitcoin's price to its all-time high of $126,080, representing about a 50% increase.

Now, Bitbull predicts that Bitcoin's price could climb to the range of $103,000 to $105,000 in the coming weeks, amounting to a potential rally of approximately 15% from its current level.

Current Bitcoin Price Situation

As of this report, Bitcoin's price stands at around $90,600, showing a minor decline of nearly 1% in the last 24 hours. Despite having a strong start to the year, the cryptocurrency market has recently cooled down.

Bitcoin has mostly been trading around the $90,000 mark, with only a few instances crossing above $91,000 in the past week. Data from TradingView indicates that the BTC price has increased by 3% so far in 2026.

Bitcoin price

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

Key Takeaways:

A crypto analyst predicts Bitcoin could reach $105,000 within three to four weeks.
This forecast is based on the Relative Strength Index (RSI) showing bullish signs.
Currently, Bitcoin's price is around $90,600, reflecting a slight decline.
BTC has seen a 3% rise so far in 2026 but is mostly settling around the $90,000 range.