Bitcoin Charts Signal BTC Could Break $100,000 Before October

Bitcoin is approaching what analysts describe as a pivotal technical breakout, a development closely watched by traders seeking signs that the cryptocurrency can escape its recent trading range. A confirmed move above resistance, particularly if supported by stronger volume, could attract momentum buyers. Technical patterns, however, indicate probabilities rather than certainties and can fail if demand weakens or broader market sentiment deteriorates.

The latest analysis suggests a confirmed breakout could generate a strong bullish signal and propel Bitcoin toward $76,000. The available report does not identify the analyst or institution, name the specific chart formation, provide Bitcoin’s price at the time, or state a publication date. The $76,000 level should therefore be treated as a conditional technical target rather than a guaranteed forecast.

Bitcoin has struggled to recover from a steep drawdown after peaking near $126,000 in October 2025, repeatedly finding demand around $60,000 in 2026. The latest daily chart is drawing attention because an inverse head-and-shoulders formation can signal that a downtrend is losing force. A sustained move through the neckline would turn months of subdued trading into a potential bullish reversal, while failure to confirm the pattern would leave the broader recovery thesis intact only on paper.

Bitcoin closed near $64,208 on Aug. 6 as the prospective right shoulder continued to develop. A high-volume break above the roughly $66,000-to-$67,000 neckline would confirm the setup and imply a measured target near $76,000. The caveat is that Bitcoin must hold its 50-day moving average around $63,000. Regulatory risk also persists: the U.S. Senate Banking Committee advanced the CLARITY Act by a 15-9 vote on May 14, but its prospects of becoming law in 2026 remain uncertain.

A bullish divergence occurs when prices continue to make new lows while the relative strength index, or RSI, moves higher, suggesting that selling pressure may be easing. Cointelegraph noted that the last time this signal appeared on Bitcoin’s weekly chart was after FTX collapsed in November 2022. Bitcoin then climbed about 715%, from roughly $15,500 to $126,200, drawing attention to the latest signal.

Cointelegraph reported on June 8, 2026, that Bitcoin had fallen from $75,770 to about $63,000 while its weekly RSI recovered from below 30 to above 34. If confirmed, it would be only the second weekly bullish divergence in Bitcoin’s history. Analyst Van de Poppe said a break above $64,000–$65,000 could open the way to the $79,000 CME gap and resistance above $90,000. The 50-week moving-average target is about $91,755.

Bitcoin has rebounded since falling below $60,000 in February 2026 and has traded within an ascending channel since April. The 200-day simple and exponential moving averages are key gauges of the long-term trend. A sustained recovery would be more firmly confirmed only if resistance near $82,000 turns into support.

CoinDesk, citing Glassnode data on May 13, 2026, said the 200-day simple and exponential moving averages stood at $82,455 and $82,027, respectively. CryptoQuant previously reported that nearly $6 billion in stablecoins flowed into Binance in March and April, while BTC held the $75,700–$78,400 cost-basis support zone identified by CheckonChain.