Bitcoin Price Prediction: Can BTC Rebound Toward $130K?

BTC Eyes Major Breakout as Bulls Defend $100K

Bitcoin is showing signs of a possible rebound after weeks of consolidation below the $105,000 mark. Analysts see a tightening technical setup, which can result in a breakout towards $130,000 in the coming weeks. With momentum indicators becoming flattened and buying interest returning to the vicinity of the $100K zone, BTC appears to be coiling for its next big move.

20% Upside for Bitcoin Price Prediction?

Analyst Don pointed to a descending wedge pattern on the 4-hour timeframe, a formation that often precedes bullish reversals. The price is oscillating between a compressing upper level resistance around $128,000 and a dynamic lower support trendline around $100,000. This lower boundary, which has been tested multiple times since mid-July, has consistently absorbed selling pressure, which confirms strong accumulation in the hands of long-term holders.

BTCUSD 4H CHART | SOURCE: X

The most recent bounce from this red trendline is what traders refer to as a "final shakeout." Historically, such moves have signalled exhaustion of selling momentum, leading to a new impulse wave. If BTC can recapture the $108-$110K zone, it could confirm a breakout to $125-$128K. According to Don's Bitcoin price prediction, this technical formation is in line with a bullish continuation pattern, indicating the possibility of a 20% bullish move from current levels following a breakout of resistance.

Bitcoin Tests Historical Support

Furthermore, analyst Crypto Seth has a longer-term view and highlighted Bitcoin Price Prediction retracement towards the support bands on the weekly chart that are in green. These levels have historically been areas of macro accumulation before each major cycle rally. The stochastic oscillator at the bottom has also moved into deep oversold territory, a condition that has in the past coincided with major bottoms.

BTCUSD 1W CHART | SOURCE: X

Each time this oscillator reset, the price rebounded strongly, and a new expansion commenced. The analyst highlighted whether this cycle will follow the past or deviate from it as a result of market maturity and institutional influence. Still, the confluence between price support and momentum exhaustion is bullish-biased. If BTC support holds above $95K-$100K, then it could follow historical rhythm and continue its uptrend to $130,000.

BTC Downtrend Weakens

On the daily chart, the token's corrective phase is running out of steam. The MACD is still inside bearish territory, but the histogram is fading, a sign of weakening downside momentum. Similarly, the RSI near 38 indicates oversold conditions and could imply that sellers are running weakening.

BTCUSD 1D CHART | SOURCE: CoinMarketCap

If Bitcoin holds its position above the $100K level and RSI rises above 45, it could indicate renewed buying pressure. This would set the stage for a short-term rebound towards $110,000 and possibly to $130,000. Overall, the Bitcoin price prediction is bullish with technical structures and historical patterns suggesting the possibility of a recovery.