Bitcoin is showing multiple technical and onchain signals suggesting a potential rally to $100,000 by May. Key indicators include a double-bottom pattern on the daily chart that hints at a target of around $100,600, with bullish momentum indicators and steady volume post-breakout supporting this outlook. Additionally, a bull pennant pattern on the hourly chart indicates temporary indecision before a likely upward move, targeting approximately $100,900. A breakout from a completed falling wedge on the three-day chart, projecting a target of $102,270, adds to the bullish sentiment. There is considerable short liquidation cluster around the $100,000 level, which could attract buying pressure if prices rise. Furthermore, with 87.3% of Bitcoin's circulating supply now in profit, a significant accumulation suggests growing market confidence. Given these technical structures and supportive onchain data, Bitcoin remains well-positioned for a possible move toward $100,000 by May.

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