Let's keep it SIMPLE!!!!!
Bitcoin (
BTC) has been on an absolute tear lately. After finding a solid base around $74,000, we’ve now broken out and are trading around $96,000—a move that’s caught the attention of everyone from retail traders to institutions.
But could we be on the road to $150,000 BTC?
Let’s break it down simply using the weekly chart, a couple key resistance levels, and the Relative Strength Index (RSI)—a key momentum indicator that often reveals where the smart money is going.
📈 The Weekly Momentum Is Strong
The weekly RSI is currently trending upward and approaching the 70 zone, which is often considered the “overbought” area. But here’s the key: In a strong bull market, RSI staying above 70 is not a warning sign—it's a sign of strength.
We saw this behavior during the 2017 and 2021 bull runs. RSI hovered in overbought territory for weeks, even months, as Bitcoin pushed higher and higher. We're starting to see that same pattern now. The momentum is building, and buyers are in control.
🔓 Key Resistance Levels Being Broken
When Bitcoin was at $74K, we had a few major resistance zones ahead:
$80K – psychological barrier and minor rejection point
88K–$90K – prior consolidation area and liquidity zone
$100K – major psychological milestone that will bring massive attention
So far, Bitcoin has smashed through $80K and is holding above $90K, showing buyers are stepping in on every dip. Once we confidently break and hold above $100K, the road toward $120K and $150K opens up fast.
💡 Why $150K Is in Sight
This isn’t just about technicals—there’s also a strong macro and sentiment shift at play:
Institutional interest is increasing
ETF flows remain positive
Supply on exchanges is dropping
Halving narrative is still fueling demand
Momentum indicators are still not overheated
Technically, when price breaks into price discovery, it tends to overshoot to the upside—especially if momentum like RSI stays strong.
🧠 Final Thoughts
Bitcoin has already climbed from $74K to $96K, and the weekly chart suggests this could just be the beginning of the next leg up. If RSI continues climbing and price breaks above $100K cleanly, the $120K to $150K zone becomes a realistic next stop.
Stay patient, zoom out, and follow the trend. The momentum is real—and so is the opportunity.
Bitcoin (
BTC) has been on an absolute tear lately. After finding a solid base around $74,000, we’ve now broken out and are trading around $96,000—a move that’s caught the attention of everyone from retail traders to institutions.But could we be on the road to $150,000 BTC?
Let’s break it down simply using the weekly chart, a couple key resistance levels, and the Relative Strength Index (RSI)—a key momentum indicator that often reveals where the smart money is going.
📈 The Weekly Momentum Is Strong
The weekly RSI is currently trending upward and approaching the 70 zone, which is often considered the “overbought” area. But here’s the key: In a strong bull market, RSI staying above 70 is not a warning sign—it's a sign of strength.
We saw this behavior during the 2017 and 2021 bull runs. RSI hovered in overbought territory for weeks, even months, as Bitcoin pushed higher and higher. We're starting to see that same pattern now. The momentum is building, and buyers are in control.
🔓 Key Resistance Levels Being Broken
When Bitcoin was at $74K, we had a few major resistance zones ahead:
$80K – psychological barrier and minor rejection point
88K–$90K – prior consolidation area and liquidity zone$100K – major psychological milestone that will bring massive attention
So far, Bitcoin has smashed through $80K and is holding above $90K, showing buyers are stepping in on every dip. Once we confidently break and hold above $100K, the road toward $120K and $150K opens up fast.
💡 Why $150K Is in Sight
This isn’t just about technicals—there’s also a strong macro and sentiment shift at play:
Institutional interest is increasing
ETF flows remain positive
Supply on exchanges is dropping
Halving narrative is still fueling demand
Momentum indicators are still not overheated
Technically, when price breaks into price discovery, it tends to overshoot to the upside—especially if momentum like RSI stays strong.
🧠 Final Thoughts
Bitcoin has already climbed from $74K to $96K, and the weekly chart suggests this could just be the beginning of the next leg up. If RSI continues climbing and price breaks above $100K cleanly, the $120K to $150K zone becomes a realistic next stop.
Stay patient, zoom out, and follow the trend. The momentum is real—and so is the opportunity.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.