5 Bitcoin charts predicting BTC price rally toward $100K by May

Key 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 to $100K as a short-squeeze and euphoria magnet. 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. BTC double-bottom hints at $100,600 target BTC’s daily chart has formed a textbook double bottom , confirming a breakout above the neckline resistance at $87,643. The structure projects a measured move to $100,575 or above. BTC/USD daily price chart. Source: TradingView Momentum 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. Volume 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. Bull pennant setup eyes six-figure BTC price On 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. BTC/USD hourly price chart. Source: TradingView The 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. A breakout above the pennant’s upper trendline could trigger fresh upside momentum, attracting short-term traders and algorithms targeting round-number breakouts. Bitcoin’s falling wedge breakout targets $102,000 The three-day chart shows a completed falling wedge breakout, with the price breaking a key resistance zone near $94,000. The projected move targets $102,270. BTC/USD three-day price chart. Source: TradingView Falling wedges are typically bullish reversal patterns, and BTC’s clean breakout above the upper trendline adds technical conviction. Price is also riding above the 50-3D EMA, a key trend signal. Volume surged during the breakout, suggesting strong buyer conviction. The $94,000-95,000 resistance is now capping Bitcoin’s upside attempts. Breaking it means BTC could deliver its complete measured move toward $100,000 quickly. Binance heatmap shows liquidity magnet at $100K Liquidation 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. BTC/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. Related: $635M liquidated in 24H as trader predicts $100K Bitcoin short squeeze Liquidity maps often front-run price. With such dense activity near six figures, the path of least resistance appears upward in the near term. Bitcoin profitability increases post-breakout As of April 23, 87.3% of Bitcoin’s circulating supply was in profit, up from 82.7% when BTC last traded near $94,000 in early March, according to Glassnode data . The 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. BTC percent supply in profit. Source: Glassnode Historically, 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. Combined with bullish chart structures and concentrated short liquidity overhead, BTC remains positioned for a potential move toward $100,000 by May. This 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.

Source: CoinTelegraph