Bitcoin (BTC) continues to attract a lot of attention as it stays strong above key support levels. Analysts are now more confident than ever that Bitcoin could see a major rally, possibly reaching $100,000 by May. Based on several important technical charts and market trends, experts believe that Bitcoin’s bullish momentum is far from over. Let’s dive deep into the five main charts that are pointing toward a big move up.

1. Bitcoin’s Weekly Relative Strength Index (RSI) Signals Room for Growth

The first key indicator is Bitcoin’s weekly RSI, which measures the strength and speed of price movements.

• As of mid-April 2025, Bitcoin’s RSI is around 70, a level considered strong but not yet overbought.

• During past major rallies, Bitcoin’s RSI often went up to 90 before a true market top was reached.

• This suggests that Bitcoin still has enough energy left in its current rally to push higher.

Market Insight:
Bitcoin’s RSI during the 2017 bull run stayed above 70 for several months before finally cooling down. If history repeats itself, Bitcoin’s price could remain strong for weeks, offering a potential pathway to $100,000.

2. On-Chain Data Shows Whale Accumulation is Growing

Another important chart shows on-chain data regarding large Bitcoin holders, often called “whales.”

• Data from Glassnode shows that addresses holding more than 1,000 BTC have been increasing their balances.

• This accumulation suggests that big players are expecting Bitcoin prices to go much higher soon.

Market Insight:
Historically, when whales buy more Bitcoin, it leads to major rallies. Their buying creates supply shortages, pushing prices upward.

3. Bitcoin Futures Open Interest Remains Strong

Looking at the futures market, another key chart shows that open interest — the number of outstanding contracts — remains very high.

• Bitcoin futures open interest has climbed to over $35 billion, according to data from Coinglass.

• High open interest combined with rising prices usually signals that institutional money is betting on Bitcoin’s growth.

Market Insight:
The growing participation of institutions like investment funds and family offices adds more credibility to Bitcoin’s current rally, potentially making the $100K target achievable sooner rather than later.

4. Hash Rate Hits New Highs, Showing Strong Network Security

The health of the Bitcoin network itself is a bullish sign.

• Bitcoin’s hash rate (the measure of how much computing power is securing the network) reached an all-time high of 650 EH/s (exahashes per second).

• A strong hash rate means miners are confident in Bitcoin’s future value.

Market Insight:
High mining activity usually correlates with positive price performance. In previous cycles, whenever the hash rate hit new highs, Bitcoin’s price followed with big rallies.

5. Technical Chart Patterns: Breakout From Bullish Flag Formation

Technical analysts are watching Bitcoin’s price chart closely.

• Bitcoin recently broke out of a bullish flag pattern — a technical formation that often signals the continuation of a strong upward trend.

• The breakout target from this pattern points to a price range of around $95,000 to $105,000.

Chart Analysis:
The flag pattern appeared after Bitcoin’s recent consolidation between $60,000 and $70,000. Now, with a confirmed breakout above $72,000, the pattern projects a strong move towards six figures.

Factors Supporting the Bitcoin Price Rally

Fed’s Policy Boosts Risk-On Sentiment

The U.S. Federal Reserve’s decision to pause interest rate hikes has created a favorable environment for riskier assets like Bitcoin.

• Lower interest rates typically weaken the U.S. Dollar.

• A weaker dollar often leads to higher prices for Bitcoin and other cryptocurrencies.

ETF Demand Remains Strong

The success of the recently launched Bitcoin Spot ETFs is another bullish catalyst.

• Bitcoin ETFs have attracted more than $12 billion in inflows since their launch in early 2025.

• More institutional investors are gaining easy access to Bitcoin through these regulated products.

Conclusion: $100K Bitcoin by May?

All signs are pointing toward a potentially explosive move higher for Bitcoin. From strong technical indicators like the RSI and bullish flag breakout, to fundamental data like whale accumulation and rising hash rates, the market setup looks extremely promising. Add in supportive macro factors like a dovish Fed and strong ETF demand, and it’s easy to see why many analysts now believe Bitcoin could reach $100,000 by May 2025.

Of course, no prediction is guaranteed, and crypto markets are known for their volatility. However, the current data suggest that Bitcoin’s rally is not only sustainable but could be just getting started.

If Bitcoin does hit $100,000 soon, it will mark another historic milestone in what has already been an impressive journey in 2025.