Bitcoin is currently in a consolidation phase between key technical levels, and its future movement will depend on whether the price can hold above the medium-term resistance level. Meanwhile, the 2027 BTC forecast once again promises investors a six-figure price. TradingShot, an analyst at the online platform TradingView, expects Bitcoin to rise in value to $106,000 by the end of August 2027.
In early September 2026, Bitcoin was trading at around $78,000–$79,000. Although just a week earlier the price of BTC had risen to a three-month high of over $82,100, on 8 September, following a failed attempt to consolidate above that level, the cryptocurrency fell to approximately $78,300.
According to forecasts, it needs to rise by a further 33 per cent or so to reach the $106,000 mark, which is around $26,500. It is precisely this figure that has become the main draw for the market. However, a technical forecast is no guarantee of future prices.
TradingShot is building a scenario based on the long-term ‘cup with handle’ pattern on the weekly chart. According to this analysis, the pattern began to form following the all-time high in November 2021 and the end of the 2022 bear cycle, with the next expected breakout being the 50-week moving average (1W MA50).
The analyst is basing his scenario on the ‘cup and handle’ technical pattern and the behaviour of long-term moving averages. The logic is simple: if BTC breaks through key resistance levels and confirms an upward trend, the next target could be the $106,000 zone. TradingShot anticipates another correction and a retest of the 200-week moving average area; therefore, TradingShot’s forecast should not automatically be interpreted as evidence of a new large-scale bull cycle.
For example, Reuters highlights another critically important threshold – $82,793 – which could subsequently pave the way for a price of $90,000. Therefore, before reaching $106,000, Bitcoin must first pass a much closer and more challenging test: regaining control of the $82,000–$83,000 zone.
It is important to note that Bitcoin has already attempted to rise above this level, but the last two weekly candles of this period did not close above it – the market has not yet confirmed the bullish scenario.
Another well-known crypto analyst from the Netherlands – Michael van de Poppe – takes a slightly more optimistic view of the near-term outlook and believes that a drop below $74,000 could be more of a buying opportunity than the start of a new prolonged bear market. At the same time, van de Poppe highlights $82,850 as a key resistance level: a convincing break above this level would strengthen the case for further gains.
But the macroeconomic environment does not leave Bitcoin in a vacuum. Whilst, as of 8 September, traders estimated the probability of a rate hike at around 57–60 per cent, how will the market react in the long term to the US Federal Reserve’s decision on 16 September and to inflation in the US? After all, higher interest rates traditionally put pressure on risky assets, including cryptocurrencies. And the cryptocurrency market itself has, on more than one occasion, punished those who treated analysts’ forecasts as their own financial guarantee.
