Bitcoin (BTC) chart technical data suggests that a rebound in the BTC price to $100,000 could still occur by September.

BTC/USD daily chart. Source: TradingView

Key takeaways:

• Bitcoin is painting a potential double bottom and bullish divergence pattern.
• The BTC price needs to break above the confluence of resistance near $66,700

A double bottom indicates a 60% raise in the BTC price.

BTC rebounded 13.25% from a local low below $60,000 as a tentative truce between the United States and Iran revived risk appetite in global markets.

The recovery pushed BTC back to $67,000 on June 15, following a broader rally in risky assets following a geopolitical turn that put downward pressure on oil prices and eased short-term inflation concerns.

Now, Bitcoin’s three-day chart shows a potential double-bottom reversal near the $60,000 support zone.

BTC has bounced off the $60,000 area for the second time in 2026, reinforcing the belief that buyers are defending the same demand region that has previously supported the market during previous corrections.

3-day BTC/USDT price chart. Source: TradingView

The first bottom formed near the March low, while the latest rebound occurred after a acute June sell-off that briefly pushed Bitcoin back towards the same level. As long as BTC holds above the $60,000 support, the double bottom structure remains vigorous.

The setup neckline is near $81,000, where Bitcoin had previously stalled before the recent decline.

A decisive close above this level would confirm the double bottom pattern and open the door to a actual move towards $108,000 by August or September, or more than 60% from the current price level.

Bitcoin’s weekly RSI divergence strengthens the $100,000 setup

Bitcoin’s weekly chart shows a bullish divergence between the price and the Relative Strength Index (RSI) momentum indicator.

BTC recently traded lower near the $60,000-$65,000 support zone, but its weekly RSI formed a higher low. This shows that sellers pushed the price down, although with less dynamics.

BTC/USD weekly chart. Source: TradingView

A similar divergence occurred near the 2022 Bitcoin bear market, when the RSI rebounded, followed by a multi-month price recovery.

In Monday’s post, analyst Jelle he said In the coming months, Bitcoin may behave “similarly to the end of 2022.”

The current setup now strengthens Bitcoin’s double bottom box near $60,000. BTC remains to be confirmed, with the first major resistance levels near the 20-week EMA at $74,500 and the 50-week EMA at $82,500.

A recovery to these levels would raise the likelihood of a summer recovery toward $100,000. While a weekly close below $60,000 would weaken the bullish setup.

Bitcoin Bear Flag Remains a Risk

Bitcoin’s short-term chart still leaves room for another move lower before a broader bullish reversal setup is confirmed.

BTC is testing the resistance convergence formed by the upper bear flag trendline and the 20-day EMA (green) near $66,700.

Related: Bitcoin Analysis Warns of BTC Price Rejection As It Approaches 67K dollars

A rejection from this zone could send price back towards the lower trendline of the flag near $63,600, keeping Bitcoin trapped in its bearish continuation structure.

Daily BTC/USD price chart. Source: TradingView

A decisive close of the day below this lower trend line would confirm a break of the bear flag. Based on the height of the previous sell-off, the measured downside target is $53,850, or approximately 20% below current prices.

Decreasing volume during the flag formation period increases the chances of this scenario playing out, as faint participation often signals that the rebound is corrective rather than impulsive.

Influx of Bitcoin whales increases downward pressure

The bearish short-term setup is also consistent with the elevated selling of Bitcoin whales.

CryptoQuant Darkfrost analyst excellent that the inflow of whales into Binance has skyrocketed following the recent BTC correction. Over the past month, huge holders have been sending an average of 3,200 BTC per day to the exchange, up from 1,200 BTC at the end of April.

Binance inflow by whales holding over 100,000 BTC. Source: CryptoQuant/Darkfrost

“This trend suggests that many large bondholders have increased their selling activity, or at least their willingness to sell, during the recent downturn,” he wrote in a note on Monday.