Bitcoin Price Rally Could Hit $100K Before Altcoin Season

Bitcoin is following an exact cycle pattern seen in 2022-2023, which could lead to a significant price rally before altcoins outperform. According to recent data, Bitcoin's current price of $81,307.08 is on track with this pattern. The EMA50 at $78,030.45 and EMA200 at $74,979.45 provide a bullish structure for the cryptocurrency.

The price has also tested the upper Bollinger resistance at $82,285.32, but the RSI at 77.29 indicates overbought conditions. This suggests that a measured pullback to the 50-EMA support is probable before the continuation of the uptrend.

A golden cross on the MACD at 1,126.62 reinforces the macro uptrend and sets the stage for altcoin season once Bitcoin exhausts its move. Analysts predict that this will happen after a clean run toward $100,000, but it's unclear when exactly this will occur.