Although Bitcoin (BTC) remains in a bearish phase, a trading expert has suggested that technical indicators and historical price action point to a potential return to $100,000 within the next year.
The outlook follows Bitcoin’s recent streak of five consecutive monthly red candles after its October all-time high.
According to data shared by TradingShot in a TradingView post on February 27, such a sequence has occurred only twice before, in November 2011 and December 2018. In both cases, the fifth straight red candle marked a bear market bottom.
However, the analyst noted that the red-candle streak alone is not sufficient to confirm a bottom. Instead, the Fisher Transform on the one-month chart has historically provided a more reliable signal, with each bullish cross occurring after Bitcoin had already formed its cycle low.
Previous Fisher bullish crosses appeared in mid-2015, early 2019, and late 2022, with about 1,370 days between the 2019 and 2022 signals. If that pattern holds, the next bullish cross could emerge around September 2026.
Historically, the price bottom has formed shortly before the Fisher cross. In December 2022, the bottom came one month earlier, the shortest lag on record, while in June 2015 it preceded the cross by five months, the longest gap observed. Applying the shorter lag suggests a potential bottom around August 2026.
From that projected low, the analyst expects the next bull cycle to mirror previous recoveries, which produced multi-year rallies and new all-time highs. Under similar cycle symmetry, Bitcoin could challenge and potentially surpass $100,000 by early November 2027.
Separately, the cryptocurrency fell sharply on Saturday after the United States and Israel carried out coordinated military strikes on Iran, triggering risk-off sentiment across global markets.
Bitcoin dropped as much as 6% within minutes, sliding from around $65,500-$66,000 and wiping out an estimated $75-$128 billion from the total crypto market cap in the first hour.
Leveraged positions saw heavy liquidations, with $100-$522 million erased in short periods, including $100 million in long positions within 15 minutes. Ether (ETH) fell 4.5-8.8% to about $1,835-$1,850, while altcoins such as XRP and Solana recorded steeper losses.
The move followed Israel’s announcement of a “preemptive strike” on Iranian nuclear and military targets, with U.S. involvement confirmed by President Donald Trump as part of “major combat operations.”
At press time, Bitcoin was trading at $63,935, down more than 4% in 24 hours and 6% on the week.
Technically, Bitcoin remains in a critical range, with support between $60,000 and $65,000, an area aligned with prior breakout levels and earlier cycle lows. A decisive break below could open the door to $55,000.
On the upside, resistance stands between $68,000 and $70,000, where recent rallies have faced selling pressure.
