- Analyst Washigorira links the latest Bitcoin Stochastic RSI crossover to past rallies that drove price above $75K and $100K.
- Bitcoin trades near $114,524, with key support at $120K; failure could retest $95K to $100K support before another advance.
- Analyst Doctor Profit notes sentiment changes from 2022 fear to 2025 optimism after Bitcoin’s breakout above $100K.
Bitcoin’s weekly Stochastic RSI has confirmed a bullish crossover, with analysts noting potential for further gains if momentum strengthens. The cryptocurrency trades around $114,524 after climbing steadily from April 2025 lows, maintaining a series of higher highs and higher lows.
Current technical structures point toward an upward path, with possible moves between $125,000 and $145,000. A decisive support trendline has formed near $120,000, which may define the short term outlook.
Stochastic RSI Points to Historical Consistency
According to analyst Washigorira, the latest Stochastic RSI crossover resembles earlier setups that preceded major rallies. The September 2024 crossover was the start of a strong run from nearly $25,000 to $75,000.
In April 2025, another crossover occurred after a market correction, pushing Bitcoin beyond $100,000. The most recent August to September 2025 move shows the blue %K line crossing above the orange %D line in oversold conditions, a pattern historically linked with upward momentum.
This technical alignment now could lead to potential testing the resistance zone, with traders eyeing the $130,000 region. However, the sustainability of this rally depends on the strength of support levels.
Price Action and Trendline Support
Candlestick structures confirm consistent bullish momentum, indicating rising demand since earlier lows this year. A predicted price move places the $125,000 to $145,000 range within reach if momentum continues to build.
Yet, analysts stress the importance of the $120,000 support line. A drop below that level could lead to a correction toward $95,000 to $100,000. This key price zone connects the current rally with historical breakout levels. Maintaining closes above $120,000 may therefore strengthen the case for further gains.
Market Sentiment Shifts Since 2022
Additional insights from analyst Doctor Profit, outline Bitcoin’s journey from the 2022 bottom. During that period, most retail investors anticipated a drop to $10,000, leaving many sidelined.
In 2023, recession concerns and the Credit Suisse collapse led to widespread bearish expectations. The following year, Bitcoin moved sideways between $50,000 and $70,000, with sentiment remaining low until the breakout above $100,000.
By 2025, however, the mood has changed notably. Doctor Profit noted that after surpassing $100,000, retail sentiment shifted sharply from fear to widespread optimism. This transition now accompanies the technical crossover, adding to the broader narrative of Bitcoin’s ongoing strength.
