Bitcoin (BTC) is flashing strong signals that a surge toward the $100,000 milestone could be imminent. A confluence of technical patterns, on-chain metrics, and derivatives market dynamics points to bullish momentum building ahead of a potential breakout in the coming weeks.
As May approaches, traders and analysts are closely watching key indicators that suggest the path of least resistance for Bitcoin remains upward. Below, we break down five compelling charts that illustrate why $100,000 may not be as far-fetched as it once seemed.
BTC Forms Bullish Double Bottom, Targeting $100,600
On the daily chart, Bitcoin has completed a textbook double bottom reversal pattern, confirming a breakout above the critical neckline resistance at $87,643. This classic technical formation typically signals a shift from bearish to bullish sentiment after a prolonged correction.
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The measured move target derived from this pattern projects a minimum upside objective of $100,575, with potential for further extension depending on follow-through buying pressure.
The Relative Strength Index (RSI) supports this optimistic outlook, currently holding within bullish territory and showing room for additional upside. Meanwhile, the 50-day and 200-day Exponential Moving Averages (EMAs) have flipped from resistance to support—confirming the shift in trend direction.
Sustained volume after the breakout indicates strong institutional and retail participation, reinforcing the validity of the move. With structural support now in place, Bitcoin is well-positioned to test six-figure levels in the near term.
Bullish Flag Pattern on Hourly Chart Hints at $100,900 Rally
Zooming into the hourly timeframe reveals a bullish flag consolidation pattern following a sharp price advance. These formations often act as brief pause points during strong uptrends, allowing the market to reset before resuming its upward trajectory.
The upper boundary of the flag aligns with resistance near $100,900—a psychologically significant level that could attract algorithmic and momentum-driven traders.
Even though trading volume has been relatively muted during the consolidation phase, the integrity of the pattern remains intact. Crucially, the moving average ribbon below price action shows a clean bullish alignment, with shorter-term EMAs stacked above longer-term ones.
A decisive break above the flag’s upper trendline would likely trigger a new wave of buying, particularly from short-term traders aiming to capitalize on momentum plays. Given Bitcoin’s historical tendency to accelerate after such consolidations, this setup adds weight to the case for a rapid move toward $100,000.
Three-Day Chart Reveals Ascending Breakout Targeting $102,270
On the three-day chart, Bitcoin displays a clear rising wedge breakout, with price surging past a key resistance zone around $94,000. This pattern is typically associated with accumulation phases preceding strong upward moves.
The projected target based on the height of the wedge comes in at approximately **$102,270**, suggesting that even if $100,000 is reached, there could be room for further gains.
What makes this breakout particularly convincing is the surge in trading volume during the breakout phase—indicating strong conviction among buyers. Additionally, price now trades firmly above the 50-period 3D EMA, a major trend-confirming signal used by long-term investors.
While short-term resistance remains between $94,000 and $95,000—a zone where previous selling pressure emerged—a decisive close above this range could unlock rapid upward momentum. Historical precedents show that once such zones are breached with volume, pullbacks tend to be shallow and short-lived.
Liquidation Heatmap Shows Strong Short Squeeze Potential Near $100K
One of the most telling signs of an impending breakout comes from derivatives data. According to liquidation heatmaps, there is a dense cluster of short liquidation orders concentrated around the $100,000 level.
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When large numbers of leveraged short positions are stacked near a price point, it creates what traders call a "magnet effect." As price approaches that zone, market makers and high-frequency algorithms actively push it toward those liquidity pools to trigger cascading liquidations.
In this scenario, each forced short cover generates additional buy pressure, fueling further upside—an event commonly known as a short squeeze. With so much leverage positioned on the bearish side of the trade near $100K, even a modest rally could snowball into a violent upward spike.
This dynamic doesn’t guarantee a breakout, but it significantly increases the odds of one occurring once momentum builds.
On-Chain Data Confirms Growing Market Confidence
Beyond charts and derivatives, on-chain metrics reveal a strengthening fundamental backdrop. According to Glassnode, as of April 23, 87.3% of Bitcoin’s circulating supply is now in profit—up from 82.7% in early March when BTC was trading near $94,000.
This increase suggests that despite temporary pullbacks, demand has remained robust. More importantly, it indicates that new buyers have absorbed supply during dips—a sign of healthy accumulation rather than speculative mania.
Historically, when over 90% of supply becomes profitable, markets tend to enter euphoric phases characterized by FOMO (fear of missing out) buying and extended rallies. While that threshold hasn't been crossed yet, the current trajectory suggests it may be within reach in the coming weeks.
This rising profitability—combined with bullish chart patterns and high short-side risk—creates fertile ground for another leg higher before May concludes.
Frequently Asked Questions (FAQ)
Q: What factors are driving Bitcoin toward $100,000?
A: A combination of technical breakouts (like double bottoms and rising wedges), increasing on-chain profitability, and dense short positions near $100K are collectively pushing Bitcoin higher. Market structure favors upside momentum.
Q: Is the $100,000 target realistic in the short term?
A: Yes—given current technical setups and market sentiment. Multiple timeframes show aligned bullish patterns, and derivatives data suggest strong incentive for price to reach liquidity-rich zones above $95K.
Q: How reliable are liquidation heatmaps in predicting price movement?
A: While not foolproof, liquidation clusters often act as magnets because exchanges and algorithms target them for execution. They’re especially influential during high-volatility periods or trend accelerations.
Q: What happens if Bitcoin fails to break $95,000?
A: Failure to clear $94K–$95K resistance could lead to sideways consolidation or a shallow retracement. However, strong support exists below $85K, making any dip likely a buying opportunity rather than start of a bear market.
Q: Can on-chain data predict tops or bottoms?
A: Not precisely—but metrics like supply in profit help gauge market sentiment. Extremely high profitability often precedes corrections, while low levels indicate capitulation and potential reversals.
Q: Should I trade based on these patterns?
A: These insights are for informational purposes only. Always conduct your own research and consider risk management before entering any position. Past performance does not guarantee future results.
Final Outlook: Path Toward $100K Looks Increasingly Clear
Bitcoin’s journey toward six figures is being supported by more than just hype—it's backed by measurable technical strength, growing investor confidence, and structural imbalances in the futures market.
From daily double bottoms to three-day wedge breakouts and dense short-side liquidation zones, every layer of analysis converges on one conclusion: the path of least resistance is up.
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While no price prediction is certain, the alignment of multiple independent signals increases the probability of a successful push toward $100,000 before May ends. Traders should watch key resistance levels closely and remain alert for breakout confirmation across timeframes.
With momentum building and fear giving way to optimism, Bitcoin may be entering one of its most decisive phases yet.
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