Bitcoin’s upward trend shows no signs of slowing, with market analysts suggesting the bull cycle may still be far from its peak.
According to Titan of Crypto, a prominent analyst, the cryptocurrency’s monthly RSI (Relative Strength Index) points to further growth. Previous bull market tops in 2013, 2017, and 2021 coincided with RSI hitting the overbought zone—a milestone Bitcoin has yet to reach in this cycle.
Bitcoin’s Price Action and Key Levels
Since mid-November, Bitcoin has followed an ascending channel, gaining momentum as it neared the critical resistance at $99,661. A brief pullback saw BTC dip to $90,767, allowing bulls to regroup. This renewed push propelled Bitcoin past the $100,000 milestone, hitting a new all-time high of $103,900.
After this surge, Bitcoin naturally retraced, finding solid support just below the 78.6% Fibonacci retracement level at $94,208. It has since stabilized, trading near $97,727, a modest 1.92% dip in the last 24 hours.
At this price, Bitcoin sits near the lower boundary of its ascending channel—a level historically linked to rebounds. If this trend holds, BTC could soon retest its prior highs, with $101,430 as the next resistance. A successful breakout could pave the way for Bitcoin to target $114,004, representing a 16% gain from current levels.
Titan of Crypto’s Bullish Projections
Titan of Crypto remains optimistic, projecting Bitcoin could reach $160,000 by the cycle’s peak. This bullish outlook reflects growing confidence in the market.
However, risks remain. If Bitcoin fails to sustain support near the 78.6% Fibonacci level at $95,978, it might test $91,000—a level last seen on December 5. A further drop toward the 61.8% Fibonacci retracement at $89,746 could invalidate the bullish structure, sparking concerns of a trend reversal and bearish sentiment.
What’s Next for Bitcoin?
Bitcoin’s strong fundamentals and historical patterns suggest more room for growth. While pullbacks are expected, they remain part of the journey toward new highs. Traders are advised to focus on the bigger picture and remember the adage, “When in doubt, zoom out.”
