The Bitcoin (BTC) price, after a mixed performance in 2025 that saw it briefly touch but fail to hold above $100,000, has started 2026 trading around the $91,000 mark. Market uncertainty remains high, but prominent analysts are pointing to a specific technical pattern that could signal a significant upward move in the near term.
Analyst Ali Martinez highlighted a symmetrical triangle pattern forming on Bitcoin's 4-hour chart. This pattern, characterized by converging upper and lower trendlines, typically indicates a period of consolidation before a decisive breakout. Martinez postulates that given Bitcoin's prior uptrend, the pattern is likely to resolve with a bullish continuation. The critical resistance for confirmation lies at the upper trendline near $91,000; a sustained close above this level would validate the breakout.
The projected price target, calculated by adding the pattern's widest point to the breakout level, points to a move above $102,000. This represents a potential 15% surge from current price levels. As of the latest data, BTC is trading around $91,560, up over 1% in the last 24 hours.
Echoing the focus on key resistance levels, analyst Dave the Wave identified the $95,000 zone as the immediate hurdle. He emphasized that a decisive break above the psychologically significant $100,000 mark would be a definitive signal for bulls, potentially triggering a broader market run. Supporting this outlook, prediction market data from Polymarket currently assigns an 82% probability to Bitcoin reaching $100,000 within the year.
