Bitcoin's weekly chart is flashing a setup that traders don't see every cycle. A double-bottom pattern has taken shape over the past few months, and the weekly RSI is showing bullish divergence — meaning momentum could be swinging back in favor of buyers. Large holders appear to be loading up too, with whale flows signaling accumulation. Bitcoin is now testing a key breakout zone, and if history is any guide, that could be the springboard for a run toward $100,000 before October.
Double bottom takes shape
The double bottom is one of the more reliable reversal patterns in technical analysis. On Bitcoin's weekly timeframe, it formed after price touched a low twice, with a bounce in between. The weekly RSI is diverging bullishly — making a higher low while price made a lower low. That divergence often precedes a trend change. Combined, the pattern suggests the selling pressure that defined the past few months is exhausting.
Whales go long
Whale flows — movements of Bitcoin by addresses holding large amounts — have shifted toward accumulation over the last several weeks. This isn't the kind of noise that retail day traders generate. It's big capital positioning for a move. When whales accumulate during a technical setup like this, it tends to confirm the pattern's potential. It's a signal that the market's largest players see value at these levels.
Targeting $100,000
The confluence of technical and on-chain signals puts a $100,000 target firmly on the table before October. That's roughly a 40% gain from current levels. The breakout zone Bitcoin is testing now will determine whether the rally starts immediately or needs one more shakeout. Either way, the structure is in place. The next few weeks will show whether the pattern plays out as the indicators suggest.
