Bitcoin May Rebound to Six-Figures Before October, BTC Price Technicals Suggest

Bitcoin rebounded 13.25% from a local low below $60,000 after a preliminary truce between the US and Iran revived risk appetite, pushing BTC back toward $67,000 on June 15. The three-day chart now shows a potential double-bottom reversal forming near the $60,000 support zone.

The first bottom appeared near the March low and the latest dip revisited the same level, so the double-bottom remains active while BTC holds above $60,000. The setup’s neckline sits near $81,000; a decisive close above that level would confirm the pattern and point to a measured move toward $108,000 by August or September, or roughly 60% upside from current prices.

Bitcoin’s weekly chart also shows a bullish divergence between price and the RSI, with a lower price low near $60,000–$65,000 but a higher RSI low. Reclaiming the 20-week EMA at $74,500 and the 50-week EMA around $82,500 would strengthen the case for a summer recovery toward $100,000, while a weekly close below $60,000 would weaken the bullish setup.

bitcoin, btc, double bottom, support zone, $60,000, neckline, rsi divergence, 20-week ema, 50-week ema, six-figures