Bitcoin's monthly signal points to $92,000 this month
Bitcoin's monthly chart has flipped back to a bullish setup, which is good news for holders looking for a move higher.
- Bitcoin has reclaimed the middle of its monthly trend band, a signal that has historically been followed by a push higher.
- Every past time this signal fired, price ran up to the next band level in the following month.
- The nearer target sits around $92,000, with a stretch level above $103,000.
- The higher level is treated as a general target rather than something expected within a single month.
Outlook: Momentum favors a climb toward the low $90,000s, with a possible extension past $103,000 if strength holds.
## Bitcoin Levels
- **Bias:** Bullish
- **Resistance:** $103,682 (bottom of upper band one)
- **Targets:** $92,000 this month; $103,682 as a broader target
- **Invalidation:** Losing the reclaimed monthly mid band