Bitcoin’s double-bottom setup, weekly RSI divergence and whale flows put traders on alert as BTC tests a key breakout zone.
Bitcoin (BTC) chart technicals suggest that the BTC price rebound to $100,000 may still happen by September.
BTC rebounded 13.25% from its local low below $60,000, as a preliminary truce between the US and Iran revived risk appetite across global markets.
The recovery pushed BTC back toward $67,000 on June 15, tracking a broader relief rally in risk assets after the geopolitical breakthrough pressured oil prices lower and reduced near-term inflation fears.
Now, the three-day Bitcoin chart is flashing a potential double-bottom reversal near the $60,000 support zone.
BTC has rebounded from the $60,000 area for the second time in 2026, strengthening the case that buyers are defending the same demand region that previously supported the market during earlier corrections.
BTC/USDT three-day price chart. Source: TradingView
The first bottom formed near the March low, while the latest rebound came after a sharp June sell-off that briefly pushed Bitcoin back toward the same level. As long as BTC holds above the $60,000 support, the double-bottom structure remains active.
The setup’s neckline sits near $81,000, where Bitcoin previously stalled before the latest leg down.
A decisive close above that level would confirm the double-bottom pattern and open the door to a measured move toward $108,000 by August or September, or over 60% from current price levels.
Bitcoin’s weekly chart is showing a bullish divergence between price and the relative strength index (RSI) momentum indicator.
BTC recently made a lower low near the $60,000–$65,000 support zone, but its weekly RSI formed a higher low. That shows sellers pushed the price lower, albeit with less momentum.
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