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Bitcoin has recorded the rare occurrence of five consecutive monthly bearish candles, prompting a trading expert to suggest the possibility of surpassing $100,000 by November 2027.
According to cryptocurrency media outlet Finbold on February 28 (local time), TradingShot stated in a recent TradingView post that Bitcoin (BTC) could form a bottom within the next year and attempt another run toward $100,000 based on technical patterns and historical cycle symmetry. Since reaching an all-time high last October, Bitcoin has posted five consecutive monthly bearish candles, a pattern previously seen only twice—in November 2011 and December 2018. In both cases, the fifth bearish candle coincided with the bottom of a bear market.
However, the analyst cautioned that consecutive bearish candles alone cannot definitively signal a bottom. Instead, the Fisher Transform indicator on the monthly chart has historically provided more reliable signals. Bullish crossovers occurred in mid-2015, early 2019, and late 2022, with approximately 1,370 days between the 2019 and 2022 signals. If the same pattern repeats, the next bullish crossover could occur around September 2026.
In past cases, price bottoms formed shortly before the Fisher bullish crossover. In December 2022, the bottom appeared about one month prior to the crossover, while in June 2015 it occurred roughly five months earlier. Applying the shortest interval suggests a potential bottom around August 2026. If a recovery similar to previous cycles unfolds thereafter, Bitcoin could test or surpass the $100,000 mark in early November 2027.
Meanwhile, the short-term market has been heavily affected by geopolitical variables. News that the United States and Israel had launched military strikes against Iran heightened risk-off sentiment. Bitcoin fell as much as 6% intraday, dropping from around $65,500–$66,000 to $62,900. During the first hour of the decline, an estimated $75 billion to $128 billion was wiped out from the total cryptocurrency market capitalization. Liquidations of leveraged positions also surged, with $100 million to $522 million cleared in a short period, while Ethereum (ETH) fell 4.5% to 8.8% to the $1,835–$1,850 range.
As of the time of reporting, Bitcoin had rebounded to $67,600. Technically, the $60,000–$65,000 range is being cited as a key support zone, with a break below potentially opening the door to further correction toward $55,000. On the upside, the $68,000–$70,000 range is acting as strong resistance. Although short-term volatility has increased, from a mid- to long-term cycle perspective, whether a bottom forms in the second half of 2026 is expected to be a decisive factor for the $100,000 scenario.
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