Bitcoin (BTC) has surged 14.6% over the past two weeks, rising from approximately $84,500 on April 18 to the mid-$90,000 range at the time of writing. With this upward momentum, the leading cryptocurrency appears to be setting its sights on a new all-time high (ATH), as several technical and momentum indicators hint at a growing bullish trend.<\/p>\n
In a recent post on X, crypto analyst Titan of Crypto shared a BTC monthly chart indicating that the Stochastic Relative Strength Index (RSI) is on the verge of a bullish crossover.<\/p>\n
For the uninitiated, a Stochastic RSI bullish crossover signals growing upward momentum and is often interpreted as a potential buy signal or the start of a potential rally. Titan of Crypto added that if confirmed, the bullish crossover may initiate BTC\u2019s next leg up.<\/p>\n
As an example, the analyst referred to BTC\u2019s price action on the monthly chart from back in Q3 2021. At the time, a similar bullish crossover in the Stochastic RSI preceded a 56.9% surge in Bitcoin\u2019s price.<\/p>\n
However, Bitcoin must hold above crucial support levels to maintain this bullish structure. In a separate X post, renowned analyst Ali Martinez noted that BTC could re-test the $95,700 support zone before advancing toward the $100,000 milestone.<\/p>\n
On the resistance side, Martinez emphasized that $97,530 remains a \u201ckey level to watch.\u201d A successful breakout<\/a> beyond this threshold could pave the way for BTC to revisit or surpass its previous ATH. As it stands, Bitcoin is trading roughly 10% below its record high.<\/p>\n Crypto analyst Rekt Capital also weighed in on BTC\u2019s potential<\/a> trajectory. In an X post<\/a> published yesterday, he suggested that once BTC decisively breaks through the $97,000 to $99,000 zone, it could face rejection near $104,500. Following that, holding the $97,000\u2013$99,000 range as support would be critical for BTC to launch toward new highs.<\/p>\n Similarly, analyst Ted noted that BTC is currently trading in a Wyckoff accumulation phase. The analyst added that BTC\u2019s slide below $76,000 in early April was likely the bottom for this market cycle. He added:<\/p>\n Looking at the Wyckoff accumulation pattern, it seems like the $96K-$99K level could act as a resistance. I think BTC could consolidate here for a few days, before eventually breaking to the upside.<\/p>\nAnalysts Predict BTC\u2019s Next Move<\/h2>\n