Bitcoin could rise back above $100,000 again before the U.S. midterm elections, a forecast said. On Sept. 18, blockchain outlet U.Today reported that crypto trader Will Meade said Bitcoin’s daily chart is forming a bullish continuation pattern.

Meade described the current chart structure as a textbook high-and-tight flag. He saw a possibility that Bitcoin could trade sideways for the remainder of September and then break out in October.

For that forecast to be right, Bitcoin would need to rise sharply in a relatively short time. The next U.S. federal general election is scheduled for Nov. 3, 2026, meaning Bitcoin would have to reach $100,000 in about 6 weeks.

By CoinMarketCap data, Bitcoin is currently trading in the $76,500 to $77,500 range. It would require a significant rebound to reach $100,000.

Bitcoin remains far below its all-time high of $126,198 set on Oct. 6, 2025. The current price is about 39 percent below that peak.

Meade’s forecast is based on technical analysis. A flag pattern typically refers to a phase after a steep rise when the price does not plunge and instead moves sideways within a narrow range or undergoes a slight pullback.

Bitcoin continued to move within a relatively limited range in the mid-to-high $70,000s even after the clarity failure. It traded around $76,400 on Sept. 17 and held near similar levels on Sept. 18. He interpreted that as a consolidation phase ahead of further gains rather than a bearish signal.

October seasonality is also cited as one basis for the forecast. Among crypto traders, October is often called Uptober because Bitcoin has frequently shown strong performance in that month. Still, gains are not automatically guaranteed just because it is October.