Bitcoin had initially lost the $100,000 level back in November 2025, and since then, the cryptocurrency has continued to trend below this psychological level, showing very little chance of breaking above it soon. Nevertheless, bullish sentiment has not completely died among investors in the digital asset as analysts predict that the Bitcoin price will overtake $100,000. But the main point of contention has been the timing of when this move would happen.
Bitcoin Is Gearing Up For A Rise
According to crypto analyst Master Ananda, the Bitcoin price is currently gearing up for another major rally that could send the price above $100,000 again. The analysis focuses on the longer timeframe as the analyst says it’s time to actually zoom out.
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The Bitcoin price had begun the week with a green streak after suffering days of consecutive downturns. This turn into the green territory has reignited positive sentiment toward the cryptocurrency, suggesting that the bearish trend could be coming to an end.
As the analyst explains, the Bitcoin price has been seeing steady upward growth, which suggests a move toward bullish bias. The price had also made two attempts to break out in the month of March. However, there has been a problem where the $74,500 level has served as a roadblock.
Nevertheless, this has not deterred bulls as the crypto analyst is predicting another attempt to break this resistance level. According to Master Ananda, the third time will be the charm, and the price will break higher. After this level, the resistance at $79,000 swims into view. But even at this level, the crypto analyst expected the Bitcoin price to beat.
This move will also be propelled by short liquidations and Fear of Missing Out (FOMO). The former will be a strong motivator since buys will have to be made to settle the liquidated short positions. As the buys become higher, so will the price.
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The latter of the two bullish factors, FOMO, plays into the former, where the rising price will trigger more participation from investors. This is because as the price moves, there are more likely to be panic-buys as investors do not want to miss out on further movement. This contributes to the buying pressure, pushing the price up further.
As for the target of this move, the analyst expects the bitcoin price to actually cross $121,000 before peaking. The timeframe for this is set for sometime in May, according to the shared chart, which would make this move only two months in the marking.
Featured image from Dall.E, chart from TradingView.com