Bitcoin Price Prediction: Can BTC Reach $92,000 Or $97,000 This Week?

Published by

Anjali Belgaumkar

October 4, 2026

Man pushing giant gold Bitcoin uphill against rising chart line.

Bitcoin still has room to climb toward $92,000 or even $97,000, but only if it holds a narrow support band just above $81,000. That is the latest view from an analyst, who says the uptrend that began in July remains intact.

Why the outlook is still positive

The expert pointed to three signs in Bitcoin’s favour:

Above the May high: Bitcoin continues to trade above this level near $82,800.
Monthly close above the 50-week average: In the past, a monthly close above the 50-week simple moving average has marked the start of a bull market.
Downtrend broken: The decline that started in October 2025 ended when Bitcoin broke above its last major high. Since the July low, the chart shows a steady run of higher highs and higher lows.

The support zone that matters most

The important area is $81,600 to $82,937. As long as Bitcoin stays above it, the path to higher prices remains open.

If that zone breaks, the next levels to watch are:

$78,200: where the 50-week moving average currently sits
$75,000: the next support below that

What would confirm a move to $92,000 or $97,000

Bitcoin needs to break above its October 2 high, which sits at the top of the current resistance area. That would signal the next leg up has started.

For now, there is no clear confirmation. The bounce from the September 28 low came in three steps, a pattern that usually signals a weak recovery. Bitcoin is trading in a range, and ranges do not have a clear trend.

No top confirmed yet

The analyst said that they have not called a top at any point in this rally and still considers one more high “very likely.” The short-term trend that began on September 16 also remains unbroken.

Once a top does form, it expects a pullback into a wider support zone between $63,326 and $74,800. That could set up a higher low before the next advance toward all-time highs.

A quiet market may not stay quiet

Volatility is low at the moment. The channel warned that calm periods often come right before a big move, as happened in July when Bitcoin drifted sideways for four weeks before rallying.

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