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Key Takeaways:<\/strong><\/p>\n BTC liquidation levels, onchain data and chart setups converge at the $100K target.<\/p>\n<\/li>\n Profitability has surged, suggesting a rebound in market confidence.<\/p>\n<\/li>\n BTC breakout patterns point to $100K as a short-squeeze and euphoria magnet.<\/p>\n<\/li>\n<\/ul>\n Bitcoin (BTC<\/a>) 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.<\/p>\n BTC’s daily chart has formed a textbook double bottom<\/a>, confirming a breakout above the neckline resistance at $87,643. The structure projects a measured move to $100,575 or above.<\/p>\n Momentum indicators like the relative strength index (RSI)<\/a> 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.<\/p>\n 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.<\/p>\n On the hourly timeframe, BTC consolidates<\/a> inside a bull pennant<\/a> following a sharp rally. This pattern indicates temporary indecision before the next leg higher. The target sits near $100,900.<\/p>\n 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.<\/p>\n A breakout above the pennant’s upper trendline could trigger fresh upside momentum, attracting short-term traders and algorithms targeting round-number breakouts.<\/p>\n The three-day chart shows a completed falling wedge<\/a> breakout, with the price breaking a key resistance zone near $94,000. The projected move targets $102,270.<\/p>\n 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.<\/p>\n Volume surged during the breakout, suggesting strong buyer conviction. <\/p>\n The $94,000-95,000 resistance<\/a> is now capping Bitcoin’s upside attempts. Breaking it means BTC could deliver its complete measured move toward $100,000 quickly.<\/p>\n Liquidation data<\/a> 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.<\/p>\n If BTC continues climbing, it will pressure short sellers who may be forced to exit, triggering a cascade of buy orders.<\/p>\n Related: <\/strong><\/em>$635M liquidated in 24H as trader predicts $100K Bitcoin short squeeze<\/strong><\/em><\/a><\/p>\n Liquidity maps often front-run price. With such dense activity near six figures, the path of least resistance appears upward in the near term.<\/p>\n 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<\/a>. <\/p>\n The increase indicates that a significant portion of the Bitcoin supply changed hands at lower levels during the March correction<\/a>, reflecting a fresh wave of accumulation.<\/p>\n 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.<\/p>\n Combined with bullish chart structures and concentrated short liquidity overhead, BTC remains positioned for a potential move toward $100,000 by May. <\/p>\n 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.<\/p>\n","protected":false},"excerpt":{"rendered":" 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<\/p>\n\n
BTC double bottom hints at $100,600 target<\/strong><\/h2>\n
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Bull pennant setup eyes six-figure BTC price<\/strong><\/h2>\n
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Bitcoin’s falling wedge breakout targets $102,000<\/strong><\/h2>\n
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Binance heatmap shows liquidity magnet at $100K<\/strong><\/h2>\n
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Bitcoin profitability increases post-breakout<\/strong><\/h2>\n