Bitcoin (BTC) Price Prediction: At a Critical Juncture as Weekly RSI Breakout Eyes $105K While Support Weakens Below $89K
Bitcoin's weekly chart flashes a signal not seen in years—and it's pointing north.
The RSI Breakout Play
Forget the daily noise. The real action is on the weekly timeframe, where Bitcoin's Relative Strength Index just shattered a key trendline. That's the kind of move that historically precedes major rallies. The target? A staggering $105,000. The metric doesn't lie—it just waits for the market to catch up.
The $89K Fault Line
But here's the rub. While the bulls are eyeing six figures, the foundation is cracking below. Critical support is weakening under the $89,000 level. A break there wouldn't just be a dip—it would invalidate the current bullish structure and send traders scrambling. It's a classic high-stakes standoff: momentum versus market structure.
One path leads to uncharted territory and a new paradigm for digital gold. The other? A swift return to a crowded, painful range. The algos are primed, the leverage is stacked, and the whole circus is waiting to see which way the king coin breaks. Just another week where price action makes a mockery of your carefully balanced portfolio.
After several weeks of consolidation, bitcoin price today is hovering just below the $90,000 mark, posting a modest intraday decline while maintaining consistently high trading activity. This combination of steady volume and constrained price movement reflects a market caught between improving higher-timeframe momentum and lingering downside vulnerability should key support levels fail.
Bitcoin Price Today Chart Shows Critical Support Under Pressure
Recent price behavior underscores the importance of the $89,200 support zone, a level closely watched by short-term and swing traders. Widely followed technical analyst Ted Pillows, known for tracking bitcoin market structure, noted that this area has repeatedly absorbed selling pressure.
Bitcoin tests $89,200 support, with $87,500 as downside risk and $94K–$95K key for a push toward $102K–$103K. Source: @TedPillows via X
“The first one is the $89,200 level, which has acted as a support. If this is lost, Bitcoin will drop towards the $87,500 level,” Ted said, adding that a daily close below $87,500 would likely confirm a new local low.
From a bitcoin technical analysis standpoint, BTC is currently testing the lower boundary of a descending triangle,an increasingly common structure during late-stage consolidations. While the pattern itself does not guarantee a bearish outcome, historical price action shows that repeated tests of triangle support often lead to either a liquidity sweep followed by sharp recovery or a momentum-driven breakdown if demand fails to respond.
Bitcoin RSI Signals Growing Upside Momentum
Despite near-term caution at support, higher-timeframe momentum indicators are beginning to improve. Analyst BitBull (@AkaBull_), a long-time observer of RSI-based trend shifts, highlighted a notable development on Bitcoin’s weekly chart.
BTC weekly RSI breaks 3-month downtrend, signaling potential upside toward $103K–$105K in the next 3–4 weeks. Source: @AkaBull_ via X
“$BTC weekly RSI is calling for more upside here. Broke out of its 3-month downtrend and holding above the breakout line,” he wrote, pointing to a potential MOVE toward the $103,000–$105,000 region.
Historically, weekly RSI trendline breakouts during extended consolidations have often preceded multi-week advances, particularly when price follows through by reclaiming nearby resistance levels. However, these signals tend to lose effectiveness if price stalls below resistance for too long, increasing the risk of false starts rather than sustained trend continuation.
As a result, the RSI breakout strengthens the medium-term Bitcoin price forecast, but its validity remains closely tied to Bitcoin’s ability to resolve current range conditions constructively.
Key Resistance Levels Define the Bitcoin Price Prediction
On the upside, analysts broadly identify $92,000–$93,000 as the first major resistance band. TradingView analyst Crypto_robotics, who focuses on supply-demand transitions, described this zone as a pivotal decision area following its recent role as a region of heavy absorption.
Bitcoin rebounds from $90K support, testing $92K–$93K resistance, with potential upside toward $100K or downside risk to $87K–$88.4K. Source: Crypto_robotics on TradingView
A decisive breakout and strong daily close above this range WOULD likely signal renewed bullish control, potentially opening a pathway toward the psychologically significant $100,000 level. Failure to reclaim it, however, would keep Bitcoin locked in a broader range and leave downside risks toward $87,000 active.
Above that, $94,000–$95,000 stands out as a sentiment-shifting threshold. A successful reclaim of this zone has historically coincided with expanding momentum and renewed discussion around Bitcoin revisiting its all-time high region later in the cycle.
Final Thoughts
Bitcoin’s current setup reflects a market NEAR equilibrium, where momentum is improving but confirmation remains incomplete. The breakout in weekly RSI supports a constructive medium-term outlook, keeping upside targets in the $100,000–$105,000 range technically viable.
Bitcoin was trading at around 89,846, down 0.21% in the last 24 hours at press time. Source: Bitcoin price via Brave New Coin
At the same time, price remains vulnerable while trading below key resistance. A sustained move above $93,000–$95,000, ideally accompanied by expanding volume and strong daily closes, would likely tilt sentiment decisively bullish. Conversely, a loss of $89,200 followed by a daily close below $87,500 would weaken the bullish case and increase the probability of deeper consolidation or renewed downside pressure.
