100k by December?

Looking at this Bitcoin chart, several indicators suggest a strong potential for bullish continuation, especially in the context of the recent halving. Here are some key aspects:

Halving Cycle Influence: Historically, Bitcoin's price often rallies in the months following a halving event, as shown on the chart. The halving on April 19, 2024, is marked, and the green zones on the right side suggest expected bullish momentum in the coming months, reflecting Bitcoin’s cyclical behavior.

Fibonacci Levels: The 0.618 level ($50,614) has previously acted as strong support, and Bitcoin appears to be respecting these Fibonacci retracement levels. The next major Fibonacci target is around the 1.618 level ($106,921), a significant resistance where traders may look for a potential price reaction.

Trendline Support: The yellow dotted trendline shows consistent upward movement, acting as a solid support. As long as Bitcoin stays above this trendline, the general uptrend remains intact, with each bounce indicating potential accumulation zones.

Oscillator: The Power Law Oscillator at the bottom shows Bitcoin in mid-range momentum. This suggests that there's still room for the price to rise before reaching overbought conditions, providing potential for additional upside without immediate risk of reversal.

Volume: Volume data indicates substantial activity around support and resistance levels, which could signal strong investor interest and confidence in the current trend.

Overall Potential
The chart displays an optimistic outlook for Bitcoin in the post-halving period. If the price breaks above key levels like $88,676, it may find strong momentum toward the $106,921 resistance and beyond. However, traders will be watching these levels closely, as they tend to serve as psychological barriers and potential reversal points in Bitcoin's history.

In summary, with the combination of cyclical halving effects, supportive Fibonacci levels, and a stable uptrend, Bitcoin has significant upside potential in the current market cycle. Monitoring these indicators closely can help gauge whether this momentum continues or hits resistance near historical levels.