Source: Cointelegraph.com NewsKey Takeaways:<\/p>\n
BTC liquidation levels, onchain data, and chart setups converge at the $100K target.
\nProfitability has surged, suggesting a rebound in market confidence.
\nBTC breakout patterns point to $100K as a short-squeeze and euphoria magnet.<\/p>\n
Bitcoin (BTC) is flashing multiple technical and onchain signals suggesting that a rally to $100,000 is possible by May. Here are five charts making the case for a near-term breakout. Source: Cointelegraph.com NewsKey Takeaways: BTC liquidation levels, onchain data, and chart setups converge at the $100K target. Profitability has surged, suggesting a rebound in market confidence. BTC breakout patterns point… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127959"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127959"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127959\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127959"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nBTC double-bottom hints at $100,600 target
\nBTC’s daily chart has formed a\u00a0textbook double bottom, confirming a breakout above the neckline resistance at $87,643. The structure projects a measured move to $100,575 or above.
\nBTC\/USD daily price chart. Source: TradingViewMomentum indicators like the relative strength index (RSI) support this thesis, staying in bullish territory with more room to expand. Meanwhile, the 50- and 200-day exponential moving averages (EMAs) have flipped into support, offering additional tailwinds.
\nVolume has remained steady post-breakout, showing that buyers are still in control. This setup creates a strong foundation for Bitcoin to push toward $100,600.
\nBull pennant setup eyes six-figure BTC price
\nOn the hourly timeframe, BTC consolidates inside a bull pennant following a sharp rally. This pattern indicates temporary indecision before the next leg higher. The target sits near $100,900.
\nBTC\/USD hourly price chart. Source: TradingViewThe pennant formed after a steep rise, suggesting that BTC price is likely coiling before resuming its up move. Despite the low volume, the structure remains intact and is supported by strong EMA alignment.
\nA breakout above the pennant\u2019s upper trendline could trigger fresh upside momentum, attracting short-term traders and algorithms targeting round-number breakouts.
\nBitcoin\u2019s falling wedge breakout targets $102,000
\nThe three-day chart shows a completed\u00a0falling wedge\u00a0breakout, with the price breaking a key resistance zone near $94,000. The projected move targets $102,270.
\nBTC\/USD three-day price chart. Source: TradingViewFalling wedges are typically bullish reversal patterns, and BTC\u2019s clean breakout above the upper trendline adds technical conviction. Price is also riding above the 50-3D EMA, a key trend signal.
\nVolume surged during the breakout, suggesting strong buyer conviction.
\nThe $94,000-95,000 resistance is now capping Bitcoin\u2019s upside attempts. Breaking it means BTC could deliver its complete measured move toward $100,000 quickly.
\nBinance heatmap shows liquidity magnet at $100K
\nLiquidation data reveals a thick cluster of short liquidations around the $100,000 level. These positions often act like a magnet, pulling the price toward them as market makers hunt for liquidity.
\nBTC\/USDT three-month liquidation heatmap. Source: CoinGlass If BTC continues climbing, it will pressure short sellers who may be forced to exit, triggering a cascade of buy orders.
\nRelated: $635M liquidated in 24H as trader predicts $100K Bitcoin short squeeze
\nLiquidity maps often front-run price. With such dense activity near six figures, the path of least resistance appears upward in the near term.
\nBitcoin profitability increases post-breakout
\nAs of April 23, 87.3% of Bitcoin\u2019s circulating supply was in profit, up from 82.7% when BTC last traded near $94,000 in early March, according to Glassnode data.
\nThe increase indicates that a significant portion of the Bitcoin supply changed hands at lower levels during the March correction, reflecting a fresh wave of accumulation.
\nBTC percent supply in profit. Source: GlassnodeHistorically, when the Percent Supply in Profit remains above 90% for an extended period, markets tend to enter a euphoric phase. With profitability now nearing that threshold, bullish sentiment continues to build.
\nCombined with bullish chart structures and concentrated short liquidity overhead, BTC remains positioned for a potential move toward $100,000 by May.
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"