Bitcoin is inching closer to $100,000, but Ali Martinez thinks there might be one more dip before we get there. He’s pointing to a resistance zone at $83,300–$84,600 that could trigger a short-term pullback.
What makes this interesting is how it compares to the 2022–2023 bottom. Back then, the BTC price broke above a descending trendline, retested a previous high, then pulled back before continuing higher.
This time, the same pattern is playing out. Bitcoin just broke above a descending trendline and is now approaching the May 2026 high around $83,000. So history might be repeating itself.
What you'll learn 👉
Bitcoin Approaches A Major Resistance Zone
We had a look at Ali’s latest BTC analysis, and the first level to watch is $83,307-$84,569. URPD data shows that roughly 975,000 BTC were acquired across this price range. That creates a large concentration of historical supply, meaning sellers could become more active if the Bitcoin price reaches the zone.
A clean move through $84,569 would improve the short-term setup considerably. The next resistance level on Ali’s chart is around $90,880, followed by $104,765. That puts $100,000 firmly within reach if BTC can clear the supply above $83,000.
BITCOIN: BUY OPPORTUNITY BEFORE $100,000?
— Ali Charts (@alicharts) August 27, 2026
1/7 🧵👇
The resistance zone is not the only reason for caution. Ali’s data shows on-chain trader profit margins have reached around 25%. Similar readings over the past year have often appeared before periods of profit-taking and short-term corrections.
Whale activity also deserves attention. Large Bitcoin holders have realized approximately $88 million in profits, indicating that some whales have already used the recent recovery to lock in gains.
If more profit-taking emerges near $83,000-$84,500, the Bitcoin price could retreat before making another attempt at resistance. $77,000-$78,000 could become the key support If BTC gets rejected near $83,000, Ali is watching the $76,996-$78,258 range.
URPD data shows around 843,000 BTC were previously traded in this zone, making it an important area for buyers to defend. A successful retest here would keep the broader recovery structure intact. The Bitcoin price could then attempt another move toward $83,000 and eventually $90,880.
However, losing this support would create a deeper downside risk. The next major demand area is around $63,111, where approximately 925,000 BTC were previously acquired. That would be a much larger correction from current levels and would weaken the bullish setup.
Read Also: Crypto News Today: Bitcoin Holds $78K as Major Developments Hit XRP, HYPE and Web3
$100K Remains Within Reach For Bitcoin
Bitcoin is at a decision point right now. If it gets rejected at $83,300–$84,600, we could see a pullback to $77,000–$78,000. That would give buyers another chance to defend the recovery. If that support holds and BTC eventually clears $84,569, the next targets are $90,880, then $100,000, and $104,765 after that.
So the path to $100,000 might not be perfectly smooth. Ali’s analysis indicates one more possible dip before the real breakout. But as long as the key support zones hold, the bigger bullish picture stays intact.
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