Bitcoin’s upward momentum shows no signs of slowing down, with analysts suggesting the market cycle top may still be ahead. According to Titan of Crypto, a market analyst, the token’s monthly RSI indicates further growth prospects. Historically, cycle tops in 2013, 2017, and 2021 coincided with the RSI reaching the overbought zone, a threshold that remains untested in the current bull market.
The shared analysis highlights Bitcoin’s consistent cyclical patterns, showing that corrections are a normal part of the climb toward new highs. Titan of Crypto’s chart reveals that Bitcoin is following an upward trajectory, with the trend line suggesting a possible push toward a new all-time high. The analyst encourages traders to focus on the bigger picture, reminding them, “When in doubt, zoom out.”
Bitcoin’s Key Levels to Watch
Since mid-November, Bitcoin has climbed within an ascending channel, steadily building momentum as its price approached a critical resistance near $99,661. This surge was briefly interrupted by a retracement to $90,767, where the bulls regrouped and reignited the rally. Riding this wave of enthusiasm, the token shattered the $100,000 milestone, soaring to a new all-time high of $103,900.
However, this uptick was followed by a natural pullback, with the cryptocurrency finding solid footing just below the 78.6% Fibonacci retracement level at $94,208. From there, Bitcoin has stabilized, trading at $97,727 at press time—marking a modest 1.92% dip over the past 24 hours. At this level, the BTC token hovers near the lower boundary of the ascending channel, a zone that historically acts as a springboard for price recoveries.
Should this trend hold, BTC could soon retest its prior highs, with $101,430 emerging as the immediate hurdle. A successful breakthrough here may pave the way for the cryptocurrency to challenge its all-time high, setting its sights on new heights. In this scenario, Bitcoin could ascend to uncharted territory around $114,004—a 16% leap from its current value—by year’s end.
This outlook is further bolstered by Titan of Crypto’s ambitious projection of $160,000, reflecting growing market optimism. On the flip side, should the BTC cryptocurrency fail to maintain support near the 78.6% Fibonacci level at $95,978, a retest of $91,000—the price last seen on December 5—may be in play.
A further slide toward the 61.8% Fibonacci retracement at $89,746 could spell trouble, possibly invalidating the bullish structure. Such a development might signal a lower low, sparking concerns of a trend reversal and shifting the market sentiment toward bearish territory.
