Well, for me, I'm bullish now, especially after we left the $60,000 level, which I believe that was the crab season recently. Now that we are above $80,000, I am positive we can easily reach $100,000 anytime.
I'd say the opposite bro. That Bitcoin will not reach $100,000 this year, as this year the bearish season is underway. I still project the price of Bitcoin to reach below $60,000 this year.
I saw two attempts at the price of Bitcoin to break through the strong resistance around $82,400 but they all failed.
I have done some analysis both as shown by the Indicators and from the historical data during the bearish season.
First Based on Technical Analysis: On the 1W timeframe, I see a pattern that allows for an Elliot Wave pattern to occur in the Downward direction, the Elliot Wave generally occurs like the ABCDE ladder but in the direction of the Down, A is below the price ATH before the price increases occur in the direction of B and E is at the very bottom of the ATL. Currently I see that the price of Bitcoin has started to fall from Elliot Wave D which is possible to reach Elliot Wave E.
On the occasion I have described that between A-B and C-D also shows a double flag pattern, where when price B or D does not break out it allows the price to reach the next low.
Second, Based on Bearish Data History 2022: Previously I wouldn't say that historical data will be exactly the same, But what we do know is that bearish history keeps repeating itself every 4 years. here I will compair with the history of May 2022: In May the price of that time fell by about 36% from the high point of May 2022 to the end of May 2022.
Meanwhile, currently from the highest price in May 2026 until now on May 16, 2026, it has decreased by 6.3%, and there are still about 15 days left. In this point what I want to show is the repeated decline in the bearish season. Regarding the percentage value, we will see in the next two weeks.