Key Takeaways:

• BTC liquidation levels, onchain data, and chart setups converge at the $100K target.

• Profitability has surged, suggesting a rebound in market confidence.

• BTC breakout patterns point to $100K as a short-squeeze and euphoria magnet.

Bitcoin (BTC) is flashing multiple technical and onchain signals suggesting that a rally to $100,000 is possible by May. Here are five charts making the case for a near-term breakout.

BTC double-bottom hints at $100,600 target

BTC’s daily chart has formed a textbook double bottom, confirming a breakout above the neckline resistance at $87,643. The structure projects a measured move to $100,575 or above.

Momentum indicators like the relative strength index (RSI) support this thesis, staying in bullish territory with more room to expand. Meanwhile, the 50- and 200-day exponential moving averages (EMAs) have flipped into support, offering additional tailwinds.

Volume has remained steady post-breakout, showing that buyers are still in control. This setup creates a strong foundation for Bitcoin to push toward $100,600.

Bull pennant setup eyes six-figure BTC price

On the hourly timeframe, BTC consolidates inside a bull pennant following a sharp rally. This pattern indicates temporary indecision before the next leg higher. The target sits near $100,900.

The pennant formed after a steep rise, suggesting that BTC price is likely coiling before resuming its up move. Despite the low volume, the structure remains intact and is supported by strong EMA alignment.

A breakout above the pennant’s upper trendline could trigger fresh upside momentum, attracting short-term traders and algorithms targeting round-number breakouts.

Bitcoin’s falling wedge breakout targets $102,000

The three-day chart shows a completed falling wedge breakout, with the price breaking a key resistance zone near $94,000. The projected move targets $102,270.

Falling wedges are typically bullish reversal patterns, and BTC’s clean breakout above the upper trendline adds technical conviction. Price is also riding above the 50-3D EMA, a key trend signal.

Volume surged during the breakout, suggesting strong buyer conviction.

The $94,000-95,000 resistance is now capping Bitcoin’s upside attempts. Breaking it means BTC could deliver its complete measured move toward $100,000 quickly.

Binance heatmap shows liquidity magnet at $100K

Liquidation data reveals a thick cluster of short liquidations around the $100,000 level. These positions often act like a magnet, pulling the price toward them as market makers hunt for liquidity.

If BTC continues climbing, it will pressure short sellers who may be forced to exit, triggering a cascade of buy orders.

Related: $635M liquidated in 24H as trader predicts $100K Bitcoin short squeeze

Liquidity maps often front-run price. With such dense activity near six figures, the path of least resistance appears upward in the near term.

Bitcoin profitability increases post-breakout

As of April 23, 87.3% of Bitcoin’s circulating supply was in profit, up from 82.7% when BTC last traded near $94,000 in early March, according to Glassnode data.

The increase indicates that a significant portion of the Bitcoin supply changed hands at lower levels during the March correction, reflecting a fresh wave of accumulation.

Historically, when the Percent Supply in Profit remains above 90% for an extended period, markets tend to enter a euphoric phase. With profitability now nearing that threshold, bullish sentiment continues to build.

Combined with bullish chart structures and concentrated short liquidity overhead, BTC remains positioned for a potential move toward $100,000 by May.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

]]> https://earlybirdsinvest.com/5-bitcoin-charts-predicting-btc-price-rally-toward-100k-by-may/feed/ 0 32741 https://earlybirdsinvest.com/polymarket-is-90-accurate-in-predicting-world-events-research/ https://earlybirdsinvest.com/polymarket-is-90-accurate-in-predicting-world-events-research/#respond Fri, 21 Mar 2025 05:55:22 +0000 https://earlybirdsinvest.com/polymarket-is-90-accurate-in-predicting-world-events-research/

Polymake is a crystal ball, according to a dune dashboard edited by New York-based data scientist Alex McCullough.

McCullough, following the Dune Dashboard summary, investigated historical data on polymakes, after the results were already known but still unresolved, but still not resolved, in order to keep the analysis accurate, following the summary of Dune Dashboard, and deleted the probability by more than 10% and more than 10%.

Polymercu overestimates the probability of an event slightly but consistently over the majority of the range. This is due to biases such as acquiescence bias, herd mentality, low liquidity, and participant preferences for high-risk bets, McCullough’s study found.

McUllough clearly includes many results that make predictions easier, as it explained in an interview with Polymarket’s The Oracle Blog, which makes the long-term market, which requires bettors to look farther, looks more accurate as it looks.

McCullough gives an example of Gavin Newsom being president in the last election ($54 million question), showing that the long-term polymer market contains clearly predictable results that would not win.

In contrast, the head-to-head sports market with less extreme results such as long-term presidential candidates and a more balanced distribution, presents a clearer representation of predictive accuracy and shows noticeable improvements in accuracy as events unfold and reveal regular accuracy spiking.

According to Data Portal Polymarket Analytics, Sports is the growth sector for Polymarket, with a collective volume of nearly $4.5 billion being wagered on the results of the NBA, MLB, Champions League and Premier League finals.

McCullough’s findings on the accuracy of Polymercu is likely to be of interest to Ottawa. Polymerket shows that Canada’s new liberal leader, Mark Carney, is currently leading the way to his conservative rival, Pierre Poilliervre.