After a sharp recovery in April, Bitcoin (BTC) is once again capturing market attention — this time not for its volatility, but for its technical precision. The world’s largest cryptocurrency has bounced cleanly from its “Fair Market Value” zone, as defined by long-term cycle models, and is now holding firm above $94,000. According to the Bitcoin Cycle Master model, the next logical targets could lie at $130,000 or even $210,000.
Technical Snapshot – Bitcoin Holds Above $94K with Bullish Momentum
As of May 1, BTC is trading around $94,984, recovering nearly 20% from its March low. The daily chart shows a decisive breakout from a multi-week range, followed by consolidation just below the psychological $95,000 level.
Source: Tradingview
Volumes have surged over the past 10 days, supporting the upward move. While the RSI remains neutral, it shows room for upside without triggering overbought warnings. From a structural perspective, Bitcoin appears to be forming a bull flag, a continuation pattern that often precedes further gains.
The Cycle Master Model – $130K and $210K in Sight?
The Bitcoin Cycle Master model, which has tracked BTC’s long-term expansions and corrections since 2011, defines three key zones:
- Fair Market Value: ~$30,000
- Aggressively Valued: ~$130,000
- Overvalued Zone: ~$210,000
Source: Tradingview
Bitcoin bounced precisely off the fair value band ($30–32K) during its March correction, aligning with past cycle bottoms. Historically, when BTC exits this green band and begins trending upward, it tends to target the orange or red zones before peaking.
What to Watch: Key Resistance Levels Ahead
The next phase will require Bitcoin to clear critical resistance points:
- $98K–$100K: major psychological and technical barrier
- $130K: mid-cycle aggressive valuation (historically common top before consolidation)
- $210K: cycle overextension level (seen in late-stage bull runs)
To reach those levels, Bitcoin will need sustained demand, healthy ETF inflows, and macro stability. But the setup — both technical and cyclical — is now in place.
Final Thoughts – A Setup with Historic Symmetry
The current structure mirrors previous Bitcoin bull cycles, where price action moves cleanly from the accumulation zone into progressively higher valuations. The March bounce from fair value has revived bullish sentiment, and as long as BTC holds above $90K–$95K, the path toward $130K becomes increasingly realistic.
The $210K level, while more speculative, has historical precedent. If the cycle extends — fueled by institutional inflows and macro momentum — the next peak could test or even surpass that overvaluation band.One thing is clear: Bitcoin is no longer in no man’s land. The cycle has re-engaged, and the targets are no longer dreams — they’re on the chart.
