Bitcoin Price Prediction: Is $100K Already Programmed?

Bitcoin is holding near $79,000 as two technical setups point to a potentially important stretch for BTC, with bulls watching an $82,800 breakout while a deeper retest near $68,000 remains possible within the broader uptrend. A coming golden cross and improving weekly momentum support the bullish case, but confirmation depends on Bitcoin clearing overhead resistance and defending key support if volatility returns.

Bitcoin Weekly Structure Keeps $68,000 Retest in Focus

Bitcoin’s weekly chart remains constructive despite the possibility of a deeper pullback, with analyst Jesse Olson comparing the current setup with Bitcoin’s 2023 bull-market structure.

Bitcoin BTC Weekly Trend Dot Retest. Source: Jesse Olson (@JesseOlson) on X.

The comparison centers on a weekly trend indicator that begins printing green dots as momentum improves. Olson notes that during the 2023 advance, Bitcoin eventually returned to retest the eighth green trend dot near $19,500 before resuming its broader move higher.

A similar setup could now place the rising weekly trend area near $68,000 by October. That would represent a sizable decline from current levels, but the chart treats such a move as a potential support retest rather than confirmation of a bearish reversal.