Bitcoin Price Prediction: Macro Bottom Signals Put $116,000 Target in Focus

Bitcoin is flashing the same bottom signals seen before some of its biggest rallies. However, BTC must hold key support and clear several resistance levels before the $116,000 target comes into play.

Bitcoin Flashes Macro Bottom Signal Seen in Past Cycles

Bitcoin has recreated a three-part technical setup that appeared near its 2015, 2019 and 2022 cycle bottoms, according to analyst Ali Martinez. The signal combines a monthly RSI near 43.65, a Chande Momentum Oscillator around -71 and a test of the 50-month moving average.

BTC monthly chart. Source: Ali Martinez/X

Previous appearances preceded major long-term rallies, although Bitcoin briefly moved below the initial signal level in some cycles. The current alignment therefore suggests a possible macro bottoming region rather than confirming that the lowest price is already in.

On-chain indicators such as MVRV and CVDD still leave room for a decline toward $40,000–$50,000. Holding the 50-month moving average would strengthen the bottoming case, while a sustained loss of it could expose that lower on-chain support zone.

Bitcoin Bullish Divergence Points to $116,000

Bitcoin has formed a weekly bullish divergence similar to the signal that appeared near the November 2022 market bottom, according to Crypto Patel. Price recorded a lower low while the relative strength index formed a higher low, suggesting bearish momentum is weakening.

BTC weekly chart. Source: Crypto Patel/X

The previous setup preceded a gain of more than 100% over roughly 150 days. Based on that comparison, Patel believes Bitcoin could approach $116,000 before November 2026, though one historical example cannot confirm the same outcome.

Bitcoin must first clear resistance near $82,750 and $97,700. Breaking both levels would strengthen the case for a move toward $116,000, while the chart’s next major resistance sits near $123,400. Losing the recent low would weaken the divergence and delay the bullish scenario.