Bitcoin momentum signal points to gains over the next 12 weeks
Bitcoin's setup looks strongly bullish into late fall, which is good news for buyers and long-term holders, though a sharp scare is expected along the way.
- A rare momentum signal has now fired 12 times in Bitcoin's history, and every one of those times the price was higher 9 and 12 weeks later.
- A golden cross has also just confirmed, and history says the strongest gains tend to come roughly one to three months after.
- A very slow-moving trend signal that usually only shows up at the start of big bull runs flipped positive this week, pointing to a much higher price a year out.
- The weekly chart reclaimed its last lower high, which normally means the uptrend continues rather than rolls over.
- A nasty, violent pullback is still expected in October or November, but likely from higher prices first.
Outlook: Higher first toward the low 90s, then a sharp shakeout that sets up the next leg up.
## Bitcoin Levels
- **Bias:** Bullish, with a sharp pullback expected in October–November.
- **Buy / accumulate:** Daily DCA buy placed at $86,450; a pullback toward $80,000 would be an accumulation opportunity.
- **Sell / take profit:** $91,000–$94,000 is the zone where a sharp pullback is expected.
- **Support:** $84,000 (weekly mid band); below that, $80,000; a drop under $75,000 would be a surprise.
- **Resistance:** $89,500 (upper band), then $90,000.
- **Targets:** $94,000–$95,000 in ~3 weeks, $105,000 in ~6 weeks, $117,000 in ~12 weeks; $150,000–$160,000 one year out.
- **Invalidation:** A weekly close below $84,000 flips the near-term call to a pullback toward $80,000.